Brookwater Secures Promissory Note
July 20, 2012
Brookwater Ventures Inc. (TSX VENTURE:BW) announces that it has entered into a promissory note with a third party lender, pursuant to which the Note Holder has agreed to lend to the Company US$850,000. The Company intends to use the proceeds of the Promissory Note for general working capital purposes.
The principal under the Promissory Note will incur an interest rate of 12% per year and the Promissory Note shall mature on July 19, 2013. The Promissory Note is secured against all of the assets of the Company and ranks senior ...
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