Minnova (TSE:MCI) has released an update.
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Minnova Corp. has recently issued $47,000 in unsecured promissory notes to company insiders for general working capital needs, bearing a high interest rate of 15% per annum. The notes are subject to corporate and regulatory approvals, including the TSX Venture Exchange, and form part of a related party transaction intended to shore up the company’s financial position.
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