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Tangelo Negotiating Extension of Obligation to Lender |
December 31, 2016
TORONTO, ONTARIO--(Marketwired - Dec. 30, 2016) - Tangelo Games Corp. ("Tangelo" or the "Company") (TSX VENTURE:GEL) announced today that, in light of its ongoing discussions with certain strategic investors regarding a recapitalization of its balance sheet, it is negotiating an extension of its principal repayment obligations to its lender, Third Eye Capital Corporation ("TEC"). TEC has been involved in the Company's discussions with third-party investors and has agreed to support a strategic transaction under appropriate terms.
Link: http://www.marketwired.com/mw/release.do?id=2185818&sourceType=3
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