About Runway Finance Group
Runway Finance Group is a Canadian venture-debt company that offers non-dilutive financing of between $200K and $5M to growing companies in Canada across a range of sectors, including specifically film, television and gaming. Runway offers senior secured debt with flexible repayment options that are tailored to match each customer's cash inflows, including everything from annual payments tied to SRED/DMTC refunds to a percentage of monthly recurring subscription revenues.
Runway Finance Group Headquarter Location
2 Waddell Ave
Dartmouth, Nova Scotia, B3M 2R5,
Latest Runway Finance Group News
Oct 11, 2017
ET | Source: betterU Education Corp. OTTAWA, Oct. 11, 2017 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX-V: BTRU ) (FRANKFURT: 5OGA ) (the “Company”) announces that it has negotiated and executed a loan agreement with Runway Finance Group Inc. (the “Lender”), pursuant to which: (a) The Lender agrees to extend one (1) credit advance to the Company in the amount of $300,000 (the “Loan”). (b) The Company agrees to pay to the Lender interest calculated on the Principal at an annual rate of 15%. (c) The Company agrees to pay a $9,000 facility origination fee on the full amount of the Principal. The term of the Loan is 3 years (the “Term”). As additional consideration for such advances, the Company has agreed to issue 375,000 common share purchase warrants (the “Warrants”) to the Lender. The Warrants are exercisable for a period of 2 years at a price of $0.80 subject to the following: (a) the issuance of the bonus shares and bonus warrants is subject to the Company receiving acceptance from the Exchange therefor; (b) the Common Shares issuable pursuant to the Warrants are subject to a hold period which will expire 4-months and a day from October 11, 2017; and (c) if the Loan is reduced or repaid during the first year of the Term, a pro rata number of the total bonus Warrants must have their term reduced to the later of one year from issuance of the Warrants and 30 days from the reduction or repayment of the Loan. NEITHER THE 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 NEWS RELEASE. Investor contact: