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Elixxer Signs Term Sheet for US$12 Million Institutional Loan

Jan 22, 2020 - Thomson Reuters ONE

MONTREAL, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Elixxer Ltd. (TSX-V: ELXR and OTC-QB: ELXIF) ("ELIXXER" or (the "Company") has signed an indicative term sheet for a US$12 million convertible loan (the "Loan") from AD Asset Management LLC ("AD"), a U.S.-based fund management company.

Mazen Haddad, Elixxer CEO, stated, "We are very pleased to be working with AD. This financing is intended to allow Elixxer to execute on our acquisition strategy."

Ferras Zalt, Elixxer's Executive Chairman, s...