Niagara Ventures Corporation

September 15, 2014 12:03 ET

Niagara Ventures Corporation Provides Availability of Bridge Loan to Blu-Dot Beverage Company Inc.

TORONTO, ONTARIO--(Marketwired - Sept. 15, 2014) - Niagara Ventures Corporation ("the Corporation") (TSX VENTURE:NIA.P), a capital pool company, announced today that in conjunction with its proposed qualifying transaction with Blu-Dot Beverage Company Inc. ("Blu-Dot") and further to its news release of July 3, 2014, it has set up the availability, in tranches, of a bridge loan up to the maximum aggregate amount of $250,000 (the "Bridge Loan") to Blu-Dot to provide additional working capital to Blu-Dot. Each tranche will be advanced in exchange for a promissory note that bears interest at 12% per annum and is payable on demand. The Bridge Loan is supported by a general security agreement providing a security interest in favour of the Corporation over all assets and property, present and after-acquired, of Blu-Dot.

Effective on July 4, 2014, the Corporation advanced the first $25,000 tranche to Blu-Dot under the terms above.

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. In addition, this release is not for distribution to United States newswire services or for dissemination in the United States.

Contact Information

  • Niagara Ventures Corporation
    Larry Phillips
    Chairman and Chief Executive Officer