Replicel (TSE:RP) has released an update.
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RepliCel Life Sciences Inc., a pioneer in aesthetic and orthopedic technologies, has secured a $1,000,000 CAD loan from CEO Andrew Schue, to be repaid over 12 months with a 5% annual interest rate. The loan, secured by the company’s assets, aims to fund specific expenses related to an asset purchase transaction and support general corporate needs. This strategic financial move is designed to restructure assets for the benefit of shareholders and to enhance long-term strategic value.
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