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Geomega Resources Inc. Announces $750,000 Bridge Loan by SIDEX
Geomega Resources Inc. Announces $750,000 Bridge Loan by SIDEX Saint-Lambert, Quebec CANADA,...
About this update from Geomega Resources Inc.
[{"type":"text","content":"\nGeomega Resources Inc. Announces $750,000 Bridge Loan by SIDEX\n\nGeomega Resources Inc. Announces $750,000 Bridge Loan by SIDEX\nSaint-Lambert, Quebec CANADA, May 10, 2013 /FSC/ - GeoMegA Resources Inc.  (GMA - TSX Venture), (\"GeoMegA\" or the \"Corporation\") announces the grant of a $750,000 loan by SIDEX, Limited Partnership (\"SIDEX\").\nThe loan is secured by GeoMegA's tax credits receivable from Revenu Quebec for the fiscal year ended in 2012 and related to mineral exploration. The loan must be repaid upon the receipt of said tax credits and bears interest at an annual rate of 8%. \nIn connection with the loan, GeoMegA issued 250,000 common shares to SIDEX. According to applicable securities legislation, each common share will be subject to the required hold period of four months plus on day from the closing date. \nGeoMegA currently has 34,990,113 common shares issued and outstanding.\nAbout GeoMegA (ressourcesgeomega.ca)\nGeoMegA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Quebec mineral exploration and development company focused on the discovery and sustainable development of economic deposits of minor metals, such as Rare Earth Elements, Niobium and Graphite, in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.\nAbout SIDEX Limited Partnership\nSIDEX was established by the Government of Quebec and the Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base, encourage new exploration models, stimulate investment for new commodities in existing districts and open new territories with high potential for discovery.\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nFor further information please contact:\nSimon Britt\t\t\t\t\t\t\nPresident and CEO\t\t\t\t\t\t\t\t\t\t\nGeoMegA\t\t\t\t\t\t\t\t\t\n450-465-0099\t\t\t\t\t\t\t\[email protected]\t\t\t\t\t\t\nTo view this press release as a PFD, please click on the following link:\nhttp://www.usetdas.com/pr/geomega05102013.pdf\nSource: GeoMeg...