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CVX Cematrix Corp

0.44
-0.01 (-2.22%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cematrix Corp TSXV:CVX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -2.22% 0.44 0.435 0.45 0.445 0.435 0.445 88,600 20:59:59

CEMATRIX Corporation Announces a $1.0 Million Financing Arrangement

13/02/2014 1:25pm

Marketwired Canada


CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or "CEMATRIX") is
pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc.
(the "Company") has entered into an agreement with an arm's length investor for
a secured debenture with a principal amount of $1,000,000 (the "Debenture"). The
interest rate on the Debenture is fixed at 9%, payable monthly, with the
principal to be fully repayable three years from the closing date. The funds
will be used for working capital and capital expenditure financing.


"The completion of this financing will provide the working capital and equipment
funding necessary to support the expected sales growth in 2014," stated Jeff
Kendrick, CEMATRIX President and CEO.


CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta.
The Corporation, through its wholly owned subsidiary, is a manufacturer and
supplier of technologically advanced cellular concrete products with
applications in a variety of markets, including oil and gas construction and
infrastructure construction. Cellular concrete provides a cost and labour saving
solution for various construction applications.


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.


Forward-looking information: This news release contains certain information that
is forward-looking and is subject to important risks and uncertainties (such
statements are usually accompanied by words such as "anticipate", expect",
"would' or other similar words). Forward looking statements in this document are
intended to provide CEMATRIX security holders and potential investors with
information regarding CEMATRIX and its subsidiaries' future financial and
operations plans and outlook. All forward looking statements reflect CEMATRIX's
beliefs and assumptions based on information available at the time the
statements were made. Readers are cautioned not to place undue reliance on this
forward looking information. CEMATRIX undertakes no obligation to update or
revise forward looking information except as required by law. For additional
information on the assumptions made and the risks and uncertainties which may
cause actual results to differ from the anticipated results, refer the
CEMATRIX's Management Discussion and Analysis dated November 13, 2013 under
CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX
with Canadian securities regulators.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CEMATRIX Corporation
Jeff Kendrick
President and Chief Executive Officer
(403) 219-0484


The Howard Group
Jeff Walker
Investor Relations
(888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

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