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Biotech / Medical : ProMetic Life Sciences

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From: axial	3/25/2019 9:08:47 AM
	of 250

PROMETIC SECURES ADDITIONAL USD $5 MILLION (CAD $6.7MILLION) TRANCHE FROM STRUCTURED ALPHA LP, AN AFFILIATEOF THOMVEST ASSET MANAGEMENT INC., UNDER ITS EXISTING CREDIT FACILITIES 'LAVAL, QUEBEC, CANADA – March 25, 2019 – Prometic Life Sciences Inc. (TSX: PLI, OTCQX: PFSCF) (“Prometic” or the “Corporation”) announced today that it has secured an additional USD $5 million (CAD $6.7 million) tranche from Structured Alpha LP (“SALP”), an affiliate of Thomvest Asset Management Inc., under the existing loan agreement originally entered into with SALP in November 2017. The proceeds of this loan extension will be used to satisfy the near-term cash requirements of the Corporation.'

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