Ranaz Obtains a Loan from Investissement Québec
MONTREAL, Sept. 28 /CNW Telbec/ - Ranaz Corporation ("Ranaz") (TSX-V: RNZ), a company specializing in the manufacturing and marketing of protein and dietary supplements, announces that it has obtained a $250,000 loan (the "Loan") from Investissement Québec (the "Lender").
The Loan is payable over a 60-month period, starting in 24 months, and bears interest at an annual rate equal to the Lender's weekly variable rate, plus 4.25%, calculated monthly. In consideration of the Loan, Ranaz has issued to the Lender 127,971 common shares.
The Loan is secured by a lien on the universality of Ranaz's movable property. Pro-Amino International Inc. and Protilife Distribution Inc., each a wholly-owned subsidiary of Ranaz, have guaranteed the loan and also granted the Lender a lien over the universality of their movable property.
About Ranaz Corporation
Ranaz is a corporation specializing in the manufacture and sale of protein and dietary supplements. Its mission is to create, develop and market nutritional, protein and dietary supplements under its own corporate brands, such as Protidiet and ProtiLife, as well as under private labels.
Full information, including the management discussion and analysis and the financial statements and notes thereto, will be available on SEDAR at www.sedar.com
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:
Ranaz Corporation
Jean Bourassa Marineau
President
(450) 491-7106, poste 217
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