BRIEF-MediaValet increases senior secured loan facility to $1.25 mln from $1 mln

Fri Oct 7, 2016 8:40am EDT
 
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Oct 7 (Reuters) - Mediavalet Inc :

* MediaValet increases senior secured loan facility

* Has entered into a loan agreement with Mr. David MacLaren

* Agreement with respect to increasing its existing $1,000,000 loan facility, announced June 14, 2016, to $1,250,000

* Additional $250,000 of loan is repayable in full, 36 months after initial advance, and bears interest at a rate of 15% per annum Source text for Eikon: Further company coverage: