NuGen Medical Devices agrees C$1.3 million loan facility with Sol-Millennium Medical HK

NuGen Medical Devices Inc. has signed a loan agreement with Sol-Millennium Medical HK for up to C$1.3 million. An initial C$500,000 advance is expected upon meeting certain conditions, with the remaining C$800,000 contingent on a definitive agreement to acquire Sol-Millennium Canada. The loan carries a 6% annual interest rate, maturing five years after the initial advance and secured by a general security agreement. Proceeds are intended for transaction costs and working capital.