Minnova (TSE:MCI) has released an update.
Minnova Corp. has recently issued $47,000 in unsecured promissory notes to company insiders for general working capital needs, bearing a high interest rate of 15% per annum. The notes are subject to corporate and regulatory approvals, including the TSX Venture Exchange, and form part of a related party transaction intended to shore up the company’s financial position.
For further insights into TSE:MCI stock, check out TipRanks’ Stock Analysis page.