Month: January 2023

Dynamic Technologies Group announces that it has obtained an unsecured bridge loan of USD $1,000,000 from Excellence Raise Overseas Limited with an interest rate of 8% per annum. The Bridge Loan and accrued interest are repayable upon the closing of an anticipated financing transaction with a strategic investor previously disclosed.

Dynamic Technologies Group announces that it has executed an amendment to its loan agreement with Export Development Canada to extend its next USD $1 million principal payment date from January 16, 2023 until April 16, 2023 to correspond with its final USD $1 million principal payment.