| Home : September 28 2012 Computer News : Poynt Corporation Secures Agreements for Debtor-In-Possession Financings and Receives New Extension to Creditor Protection |
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Poynt Corporation Secures Agreements for Debtor-In-Possession Financings and Receives New Extension to Creditor Protection |
September 28, 2012
CALGARY, ALBERTA--(Marketwire - Sept. 27, 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 Friday, October 12, 2012, and that agreements were made and approved by the Court for debtor-in-possession ("DIP") financings in an aggregate amount of one hundred thousand Canadian dollars (CDN$100,000.00) at an interest rate of 20% (collectively, the "DIP Financings").
Link: http://www.marketwire.com/mw/release.do?id=1706780&sourceType=3
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