CEMATRIX Corporation Announces a $1.0 Million Financing Arrangement
February 13 2014 - 9:25AM
Marketwired
CEMATRIX Corporation Announces a $1.0 Million Financing Arrangement
CALGARY, ALBERTA--(Marketwired - Feb 13, 2014) - CEMATRIX
Corporation (TSX-VENTURE:CVX) (the "Corporation" or "CEMATRIX") is
pleased to announce that its wholly owned subsidiary, CEMATRIX
(Canada) Inc. (the "Company") has entered into an agreement with an
arm's length investor for a secured debenture with a principal
amount of $1,000,000 (the "Debenture"). The interest rate on the
Debenture is fixed at 9%, payable monthly, with the principal to be
fully repayable three years from the closing date. The funds will
be used for working capital and capital expenditure financing.
"The completion of
this financing will provide the working capital and equipment
funding necessary to support the expected sales growth in 2014,"
stated Jeff Kendrick, CEMATRIX President and CEO.
CEMATRIX is an
Alberta corporation with its head offices in Calgary, Alberta. The
Corporation, through its wholly owned subsidiary, is a manufacturer
and supplier of technologically advanced cellular concrete products
with applications in a variety of markets, including oil and gas
construction and infrastructure construction. Cellular concrete
provides a cost and labour saving solution for various construction
applications.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-looking
information: This news release contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", expect", "would' or other similar words). Forward
looking statements in this document are intended to provide
CEMATRIX security holders and potential investors with information
regarding CEMATRIX and its subsidiaries' future financial and
operations plans and outlook. All forward looking statements
reflect CEMATRIX's beliefs and assumptions based on information
available at the time the statements were made. Readers are
cautioned not to place undue reliance on this forward looking
information. CEMATRIX undertakes no obligation to update or revise
forward looking information except as required by law. For
additional information on the assumptions made and the risks and
uncertainties which may cause actual results to differ from the
anticipated results, refer the CEMATRIX's Management Discussion and
Analysis dated November 13, 2013 under CEMATRIX's profile on SEDAR
at www.sedar.com and other reports filed by CEMATRIX with
Canadian securities regulators.
CEMATRIX CorporationJeff KendrickPresident and Chief Executive
Officer(403) 219-0484The Howard GroupJeff WalkerInvestor
Relations(888) 221-0915 or (403)
221-0915jeff@howardgroupinc.com
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