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Dynamic Technologies Group Announces Usd $1,000,000 Bridge Loan

Dynamic Technologies Group Announces Usd $1,000,000 Bridge Loan

01/20/23, 9:15 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Money raised
$1 million
Industry
leisure
travel
Round Type
seed
Dynamic Technologies Group Inc. (TSXV: DTG, OTC:ERILF) (“Dynamic”, “Company”, “we” and “our”) announces that it has obtained an unsecured bridge loan of USD $1,000,000 (the “Bridge Loan”) from Excellence Raise Overseas Limited (“EROL”) with an interest rate of 8% per annum. The Bridge Loan and accrued interest are repayable upon the closing of an anticipated financing transaction with a strategic investor previously disclosed in the Company’s December 30, 2022 and January 16, 2023 news releases (the “Financing”).

Company Info

Company
Dynamic Technologies Group Inc.
Location
toronto, ontario, canada
Additional Info
Dynamic is a world leader in the design engineering, production, and commissioning of iconic, media-based attractions and ride systems for the global theme park industry and popular tourist destinations. Dynamic leverages its world class, media-based attraction products and attraction development capability on a co-venture ownership basis. The Company also applies its engineering integration and problem-solving skills on special projects in diversified industries such as alternative energy and large optical telescopes and enclosures.
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