BlueRush Media (TSE:BTV) has released an update.
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BlueRush Inc., a SaaS company specializing in personalized video engagement, has secured a $180,000 promissory note from its largest shareholder, Round 13 Founders Fund SPV, L.P. The note carries a 10% interest rate for the initial four months and then increases to 14% per annum, with full repayment due within four months or upon receipt of certain claims. This funding arrangement is considered a related party transaction but meets the exemption criteria set by regulatory guidelines.
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