GuestLogix Inc. (TSX:GXI) announced a credit agreement for gross proceeds of CAD 9 million on June 8, 2015. Loan carries a coupon of 12% per annum and will mature 27 months from the closing. The transaction will include participation from Vistara Capital Partners Fund I, a fund managed by Vistara Capital Partners and Beedie Capital Partners Fund I Limited Partnership, a fund managed by Beedie Capital Partners.

The company also issued warrants to purchase 2,400,000 common shares at an exercise price of CAD 0.796 per share until September 5, 2018 and subject to a statutory hold period.