Geomega Resources secures $1.35M loan at 10.5%
Geomega Resources Inc. (TSXV:GMA) secured a $1.35M secured loan at 10.5% for two years, netting $1.323M after a 2% fee. The principal is partly repaid as refundable R&D tax credits are received, with the remaining balance due September 14, 2028.
323M net after a 2% fee. The funds will support expansion and help speed access to refundable R&D tax credits. Principal will be partly repaid as tax credits are received, with any remaining balance due September 14, 2028.