Business
Titan Logix Corp. Announces Receipt of Loan Repayment
Edmonton, Alberta--(Newsfile Corp. - May 10, 2022) - Titan Logix Corp., (TSXV: TLA) ("Titan" o...
About this update from Titan Logix Corp.
[{"type":"text","content":"Titan Logix Corp. Announces Receipt of Loan RepaymentEdmonton, Alberta--(Newsfile Corp. - May 10, 2022) - Titan Logix Corp., (TSXV: TLA) (\"Titan\" or the \"Company\"), a technology company specializing in advanced measurement solutions, announces the receipt of funds paid out on its investment in secured loan through a loan participation agreement with Greypoint Capital Inc. Funds received totaled $3,427,662 consisting of principal due and interest accrued to May 9th, 2022, in addition to a make-whole fee of 3 months interest. The Company will invest the funds in guaranteed investment certificates as it evaluates potential opportunities for the funds within its long-term strategic growth plan. About Titan Logix Corp.:For over 25 years, Titan Logix Corp. has designed and manufactured advanced measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2021 wh...