SIGMA INDUSTRIES ANNOUNCES THE SIGNING OF A NEW BANKING AGREEMENT
SAINT-ÉPHREM-DE-BEAUCE, QC, Dec. 2 /CNW Telbec/ - Sigma Industries Inc. ("Sigma" or the "Company") (TSX Venture Exchange: SSG), today announces that it has signed a new bank loan agreement. It also includes new terms for the repayment of certain of the Company's long-term debts. The agreement will be renegotiable on October 31, 2011.
"This new banking agreement represents a key step in our reorganization process. The financial support will enable Sigma to pursue its efforts to seize the business opportunities likely to arise in the current context of gradual recovery of business in our target markets," noted Denis Bertrand, Sigma Industries' President and Chief Executive Officer.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a leading composite and metal products manufacturer, has five operating subsidiaries and employs 350 people. The Company is active in the growing heavy-duty truck, coach, transit and bus, train and subway, machinery, agriculture, light forestry, and wind energy market segments. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: For further information:
Sigma Industries Inc. | |
Denis Bertrand | |
President and Chief Executive Officer | |
Telephone: (418) 484-5282 | |
Email: [email protected] |
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