Axios Mobile Assets has secured a loan in the amount of $3 million from Export Development Canada (EDC). Proceeds will be used in part to help fund production of the company's sensor-equipped pallets at its manufacturing facility in Guelph, Ontario and to repay approximately $2 million of indebtedness, which repayment was made immediately following closing of the loan. The three-year loan carries an interest rate equal to the Canadian prime lending rate plus 8%.
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2017 | Axios Mobile Assets Corp. Announces Board Changes | CI |
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