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Dynamic Technologies Group Announces Usd $1,000,000 Bridge Loan
01/20/23, 9:15 PM
Location
toronto
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
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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