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The company confirms the settlement of two of GPL Ventures, LLC’s (GPLV) Promissory Notes, each to the value of $500,000. Including the settlement of the GPLV notes, ILUS has received $4.5 million in funding from RBCP. Furthermore, ILUS’ majority owned entity, Quality Industrial Corp. (OTCQB: QIND), has received $1.1 million in funding from RBCP which has been used for a first tranche payment for an in-progress acquisition. ILUS is now pleased to confirm that both notes have been settled through an agreement reached between RBCP and GPLV.
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