Yangaroo (TSE:YOO) has released an update.
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Yangaroo Inc., a media asset workflow and distribution software company, has announced non-compliance with its term loan agreement due to a breach of financial covenants and is actively seeking an amendment or waiver from the National Bank of Canada. Additionally, the company is addressing a lack of separation between CEO and CFO roles, a requirement for reinstatement on the TSX Venture Exchange, and is confident in its ability to manage the situation and maintain operations.
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