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BSM Big Stick Media Corp

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Share Name Share Symbol Market Type
Big Stick Media Corp TSXV:BSM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Big Stick Media Corporation Announces Its Obtaining a Working Capital Line of Credit

01/12/2009 4:32pm

Marketwired Canada


Big Stick Media Corporation ("BSM" or the "Company")(TSX VENTURE:BSM) announces
that it has entered into a loan facility agreement (the "Line of Credit") with
an affiliate of its President and Chief Executive Officer pursuant to which the
Company will have the ability to borrow up to US$250,000 on an unsecured
revolving line of credit basis.


The purpose of the Line of Credit is to provide BSM with the short term working
capital required as it moves toward the latter stages of the 2009-2010 football
season. While the Line of Credit will add to the overall debt profile of the
Company, all scheduled principal and interest payments on existing debt
securities have been timely made. It should be noted that during the fourth
quarter of its 2009 fiscal year end of November 30, 2009, BSM paid down
principal debt obligations in the approximate amount of $780,000 via the
dedication of positive cash flow from operations. BSM continues to project
becoming debt free by the end of its 2011 fiscal year.


Amounts outstanding from time to time under the Line of Credit facility will
bear interest at a rate of five percent (5%) per annum with any accrued interest
being payable by the end of each fiscal quarter end date. The principal can be
repaid at the discretion of the Company at any point during the term of the
facility which is available until November 30, 2011. At the end of the term of
the Line of Credit, the parties will consider any extension of such term.


As at the date hereof BSM has 23,992,020 issued and outstanding common shares.

BSM is based in Vancouver, British Columbia and trades on the TSX Venture
Exchange under the trading symbol "BSM". Additional information about BSM may be
found under its profile at www.sedar.com and at www.bigstickmedia.com.


About Big Stick Media Corporation

BSM owns and operates a portfolio of assets that provide fact-based and opinion
oriented information relevant to the sports industry. These assets include
websites, client-server software and publications. BSM generates revenues in a
number of ways, including various direct to consumer services and direct to
business sales through a portfolio of websites, the most significant of which
are www.JimFeist.com, www.donbest.com, and www.g-picks.com. BSM also operates
the Don Best Sports real-time sports information systems for serious sports
enthusiasts, handicappers and bettors.


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