Under $0.01 (..subpenny..) stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Under $0.01 (..subpenny..) stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: jmhollen	9/27/2005 3:29:42 PM
	Read Replies (1) of 733

NanoSignal Corp. Announces Funding: $10 Million Line of Credit LAS VEGAS, Sep 27, 2005 (BUSINESS WIRE) -- NanoSignal Corp. (Pink Sheets: NNOS) announced today that it has secured a credit line through AMC International Law Associates represented by Dr. Rodney Daniel, executive vice president. This credit line is established at Standard Charter Bank for $10 million. "This credit line is to assist NanoSignal Corp. in two areas," said Dr. Rupert Perrin, chairman of the board of NanoSignal Corp. "The first is to complete SLICES(TM) Technology and the second is the acquisition of 10 MRI centers located in South Florida. "This is a great day for such an announcement as we can commence with our plans. We want to prepare a progress report for all our shareholders of record before the end of next month," concluded Dr. Perrin. Funding is expected to be released within the next 10 business days or upon our completion of certain necessary documentation and some of the completed funding will consist of a private funding collateral document being completed and accompanying materials by the legal counsel. One million dollars is intended to finish development of "SLICES" and make it ready for markets. Additional line of credit of $1 million is going directly to NanoSignal Corp. for manufacturing and production of "SLICES" and the balance of $8 million for the acquisition of up to 10 MRI centers located in South Florida. SOURCE: NanoSignal Corp. Inc. CONTACT: Princeton Research Inc. for NanoSignal Corp. Mike King, 702-650-3000 .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next