Tantalex Resources Corporation Announces the Signature of a $500,000 Short Term Credit Facility
November 29, 2013 (Source: Marketwired) — Tantalex Resources Corporation (CNSX:TTX), (the “Company” or “Tantalex“), is pleased to announce that it has concluded a C$500,000 asset base credit facility with Finexcorp Inc. (the “Lender“). The credit facility provides for short term borrowings on a revolving basis for up to C$500,000, is subject to a borrowing base comprised of accounts receivable, and is secured by a movable hypothec.
The company intends to use the credit facility on an interim basis and when required for liquidity purposes in order to ensure the continuity of its operational schedule.
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Tantalex is a mining exploration and development company engaged in the acquisition, exploration and development of Tantalum and Niobium properties in Africa. Tantalex has its main business office in Montreal, QC.
Finexcorp, a privately owned company specialised in asset-based financing and, more specifically, in financing partnerships, is a non-institutional, asset-based financing organization based in the province of Quebec. Additional information is available on Finexcorp at www.finexcorp.ca.
Neither CNSX nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
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