QualityStocksNewsBreaks – Appreciated Media Holdings Inc. (TSX.V: AMH) (OTCQB: AMEFF) Announces Debt Facility
Appreciated Media (TSX.V: AMH) (OTCQB: AMEFF) has announced that it has entered into a bridge financing arrangement with Amcomri GP BVI Limited. According to the debt facility, Amcomri has agreed to make an additional $200,000 available to Appreciated Media; Appreciated Media anticipated using those funds to repay debts. The agreement notes that all amounts advanced under the facility will have an interest rate of 8% per annum, payable upon demand. In the meantime, AMH remains subject to a cease trade order issued earlier by the British Columbia Securities Commission. That order was issued as a result of Appreciated Media’s failure…