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Nevis Brands Secures $100,000 Loan from Director

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Nevis Brands Secures $100,000 Loan from Director

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Pascal Biosciences Inc ( (TSE:NEVI) ) just unveiled an announcement.

Nevis Brands Inc. announced that it has secured a US$100,000 loan from John Kueber, a director and officer of the company. The loan, evidenced by an unsecured promissory note, carries an interest rate of 10% and matures in February 2026. The proceeds were used to partially repay an existing debt to SoRSE Technology Corp., with the remaining balance due in January 2026. The transaction is considered a related party transaction under specific regulations, but exemptions were applied for its approval.

More about Pascal Biosciences Inc

Nevis Brands Inc. is a publicly traded company listed on the CSE, OTCQB, and Frankfurt Stock Exchange. The company engages in activities related to its industry, although specific details about its primary products or services are not provided in the release.

YTD Price Performance: -20.0%

Average Trading Volume: 32,605

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.07M

Find detailed analytics on NEVI stock on TipRanks’ Stock Analysis page.

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