/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, Nov. 24, 2011 /CNW/ - LiveReel Media Corporation (OTC:
LVRLF.PK) announced that it has entered into a Loan Agreement in the
principal amount of $50,000 with Enthrive Inc., a related party.
The Loan has a term of 18 months or upon the sale or change of control
of the Corporation, accrues interest at 10% per annum until maturity,
and is convertible into common shares of the Corporation at $0.10 per
The Corporation intends to use the proceeds of the Loan to keep current
its continuous and timely disclosure obligations under applicable
securities laws and to generally maintain its reporting issuer status
in good standing including, without limitation, payment of fees for
services by the Chief Executive Officer and Chief Financial Officer of
the Corporation, consistent with past practice.
SOURCE LiveReel Media Corporation