Green Rise Issues $1.2M in Secured Notes

Green Rise Capital Corp. (TSE:GRF) has released an update.

Green Rise Capital Corp. has announced the completion of a $1.2 million issue of non-convertible promissory notes to three directors, or their affiliated corporations, secured by the company’s assets. These notes are prioritized after existing senior debts, including those from the Royal Bank of Canada, and will mature on June 30, 2026, with an interest rate of 8.31% per annum. The proceeds are intended to reduce the company’s existing operating line debt with RBC.

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