Provided By GlobeNewswire
Last update: Mar 5, 2024
TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- Adex Mining Inc. (“Adex” or the “Company”) (TSX‐V: ADE) announces today that it has entered into a new loan agreement with Great Harvest Canadian Investment Company Limited (“Great Harvest”), Adex's largest shareholder, pursuant to which the Company has obtained, and Great Harvest has agreed to provide, a new unsecured loan (the “Loan”) in the principal amount of up to US$1,000,000. The Loan bears interest at 8% per annum and the Loan agreement entitles the Company to effect repayment of amounts drawn under the Loan at any time prior to maturity, without penalty. The New Loan matures on January 1, 2025.