Tantalex Resources Corporation Announces the Signature of a $500,000 Short Term Credit Facility
November 29 2013 - 10:35AM
Marketwired Canada
Tantalex Resources Corporation (CNSX:TTX), (the "Company" or "Tantalex"), is
pleased to announce that it has concluded a C$500,000 asset base credit facility
with Finexcorp Inc. (the "Lender"). The credit facility provides for short term
borrowings on a revolving basis for up to C$500,000, is subject to a borrowing
base comprised of accounts receivable, and is secured by a movable hypothec.
The company intends to use the credit facility on an interim basis and when
required for liquidity purposes in order to ensure the continuity of its
operational schedule.
About Tantalex
Tantalex is a mining exploration and development company engaged in the
acquisition, exploration and development of Tantalum and Niobium properties in
Africa. Tantalex has its main business office in Montreal, QC.
About Finexcorp
Finexcorp, a privately owned company specialised in asset-based financing and,
more specifically, in financing partnerships, is a non-institutional,
asset-based financing organization based in the province of Quebec. Additional
information is available on Finexcorp at www.finexcorp.ca.
Neither CNSX nor its Regulation Services Provider (as that term is defined in
the policies of the CNSX) accepts responsibility for the adequacy or accuracy of
this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tantalex Resources Corporation
Dave Gagnon
Chief Executive Officer
+1 514-394-7476
dg@tantalex.ca
Tantalex Resources Corporation
Jean-Robert Provonost
Chief Financial Officer
+1 514-394-7476
jrp@tantalex.ca
Finexcorp
Patrice Rainville
+1 514-644-4441
prainville@finexcorp.ca
Finexcorp
Martin Bedard
+1 418-653-5777
www.finexcorp.ca
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