| Home : August 17 2012 Computer News : Poynt Corporation Secures Agreement for Debtor-In-Possession Financing and Receives New Extension to Creditor Protection |
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Poynt Corporation Secures Agreement for Debtor-In-Possession Financing and Receives New Extension to Creditor Protection |
August 17, 2012
CALGARY, ALBERTA--(Marketwire - Aug. 17, 2012) - Poynt Corporation (TSX VENTURE:PYN) ("Poynt Corp." or the "Company"), a global leader in mobile local search and advertising, today announced that the Court of Queen's Bench of Alberta (the "Court") granted an order extending its creditor protection until Sunday, August 26, 2012, and that an agreement has been made and approved by the Court for debtor-in-possession ("DIP") financing for eighty thousand Canadian dollars ($80,000.00 CDN) at an interest rate of 14% (the "DIP Financing").
Link: http://www.marketwire.com/mw/release.do?id=1692090&sourceType=3
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