Dynamic Technologies Group announces Amendments to Debt Instruments
Dynamic Technologies announces that it has executed an amendment to its senior loan agreement with Promising Expert Limited, to defer all interest payments until February 28, 2023, or until a USD $10 million financing transaction closes, whichever is sooner. The Company has also received an extension to its promissory note of USD $4 million in favour of High Express Holdings Limited, extending the maturity date to April 1, 2023 or until a USD $10 million financing transaction closes, whichever is sooner.
