Puricore announces closure of its new USD 2.1 million debt facility

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Aug 26 2009

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PuriCore plc (LSE: PURI), the life sciences company focused on developing and commercialising proprietary, green solutions that safely, effectively, and naturally kill infectious pathogens without causing harm to human health or the environment, today announces that it has closed on a new USD2.1 million debt facility with Republic First Bank.

The debt will be drawn down through the fourth quarter and is structured as a 36-month promissory note with an imputed interest rate of 5.9%. This financing is consistent with the company's strategy to utilize debt to fund the installation of leased Sterilox Food Retail Systems.

SOURCE: PuriCore Plc

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Tags: Avian Influenza, Food, H5N1, Influenza, Legionella, Salmonella, Tuberculosis

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