February 04, 2013 at 18:49 PM EST
EMC Metals Corp. Issues Convertible Loans for USD$650,000
EMC Metals Corp. (TSX:EMC) agreed to issue convertible loans for total proceeds of USD$650,000 and the principal amount of the loan may be converted into up to 13,000,000 common shares at a rate of US$0.05 per share. The convertible loans have an interest rate of 10% per annum and a maturity date of 12 months from the closing date.
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