current page:home>Press Releases>CCNMatthews>Article

True North Corporation-Secured Debenture Financings

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-23

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 22, 2007) - True North Corporation - The Return On Ideas Company(TM) (TSX VENTURE: - ; the "Company" or "True North") - today announced that Quorum Investment Pool Limited Partnership ("Quorum") has advanced to True North the sum of $133,487 pursuant to a letter agreement dated October 30, 2007 (the "Letter Agreement"). Pursuant to the Letter Agreement, Quorum held $133,487 in escrow for the benefit of True North to be released to True North in the sole discretion of Quorum. The funds for the Letter Agreement and an additional $166,513 were advanced by Quorum and secured by a secured debenture issued by True North to Quorum on October 30, 2007. This secured debenture was for a principal aggregate amount of $300,000. The secured debenture bears interest at 8% per annum, calculated monthly and payable quarterly in arrears, with a maturity date of November 29, 2007 (the "October 30 Debenture").

This is the third debenture financing that the Company has completed with Quorum over the past two months. The previous two such financings closed on September 26, 2007 and October 12, 2007, respectively (collectively, the "Previous Debentures").

The September 26, 2007 secured debenture financing was for a principal amount of $207,693 and the October 12, 2007 secured debenture financing was for a principal amount of $100,000. Both of the Previous Debentures were issued on the same terms and conditions as the October 30 Debenture. Quorum has advised the Company that it intends to extend the maturity for the repayment of each of the secured debentures until January 15, 2008.

True North is a technology enabled marketing solutions company serving Fortune 2000 companies throughout North America. The Company combines traditional below the line marketing solutions with its proprietary date capture, analysis and marketing engine to deliver multi-channel promotional and marketing programs and sales optimization solutions.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

上一篇：Carmanah to Revise Approach to Home Power and Transit Markets 下一篇：PrimeWest Energy Trust Announces Brief Postponement of Final Court Approval of A

[

Collection] [

Commend] [

Comment On(0Item)] [Back Top] [Print] [Close]

Hot Article

·Guardian Announces Director Re
·Magnus Energy Releases Second
·Prestige Telecom Announces Ext
·Andover Announces Results for
·DualEx and Winslow Complete Ar
·Sahara Energy Releases Second
·ABC Mining Ventures Inc. Quali
·Meridex Announces Settlement a
·Mistral Pharma Announces Licen
·FirstGrowth Announces Second Q
·Tenajon Acquires Additional Gr
·Consolidated Thompson Remains
·Tuscany Energy Announces Finan
·Urodynamix and Laborie to Exhi
·Market Regulation Services Inc
·Market Regulation Services Inc
·Greencastle Provides Second Qu
·Anaconda Mining Second Quarter
·XGEN Announces Quarterly Resul
·Uni-select inc. Completes the

Correlation Article

·Iberian Minerals Corp.: Update
·Leezamax Capital Corp to Acqui
·ALDA Pharmaceuticals Closes Pr
·Yorbeau Intercepts 10.99 Grams
·Diaz Announces $1,000,000 Flow
·Harvest Gold Exploration Updat
·JEMTEC Selected by Nova Scotia
·Neo Alliance Minerals Inc. Ann
·Quizam Sells OnTrackTV.com Lic
·Advanced Explorations Inc. Clo
·C.A. Bancorp Inc. (TSX:BKP) to
·Adriana Closes First Tranche o
·Market Regulation Services Inc
·Verb Adds Pierre-Andre Meunier
·Financial Preferred Securities
·Bluerock Resources Signs Optio
·Western Troy Announces New Res
·Market Regulation Services Inc
·Market Regulation Services Inc
·Alto-Wescan Start Drilling Mud