Annidis Corporation Announces Private Placement of $500,000 Promissory Note
September 21, 2016 at 07:00 am
Annidis Corporation announced that, subject to the approval of the TSX Venture Exchange the Corporation has completed the private placement of a $500,000 unsecured promissory note (the Note) with Mistarunited Technology Co., Limited. The Note matures and becomes due and payable on the earlier of December 31, 2016 and the completion by the Corporation of an equity financing of not less than $5,000,000. The Note bears interest at rate of 10% per annum payable at maturity. The corporation may prepay the outstanding principal amount of the Note together with all accrued and unpaid interest, without penalty, at any time prior to the maturity date of the Note.