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Elixxer Signs Term Sheet for US$12 Million Institutional Loan

Jan 23, 2020 - News Bites Canadian Markets
Board and Executive Moves

CANADIAN DAILY STOCK REPORT

Corporate Wire Date: 22 January 2020 17:21 EST

ORIGINAL ANNOUNCEMENT [Text]

MONTREAL, Jan. 22, 2020 -- 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 ...