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Great Quest Fertilizer Enters into Loan Agreements

Provided By GlobeNewswire

Last update: Apr 23, 2024

VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Great Quest Fertilizer Ltd. (TSX-V: GQ) (“Great Quest” or the “Company”) announces that it has entered into loan agreements with each of Jed Richardson, CEO of the Company, Albert Yuen, Director of the Company, David Shaw, Director of the Company, John Clarke, Director of the Company and Aidan Sullivan, a VP of the Company, for an aggregate amount of CAD$490,000 (collectively, the “Loans”). The Loans are unsecured, accrue interest at 20% and mature 18 months from the date of the promissory note evidencing the Loan. The Company will use the proceeds of the Loans for working capital purposes and to facilitate the closing of Great Quest’s acquisition of Belmont Mineral Exploration (PTY) Ltd (please see the Company’s press release dated December 21, 2023 for further details).

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