03:29 PM EST - GuestLogix Inc. : announced that it has closed a loan and warrant financing in the amount of $7 million with an additional 3,500,000 common share purchase warrant coverage. The Financing consists of promissory notes having an aggregate principal amount of $7,000,000 plus associated Warrants. The Notes carry an interest rate of 12% per annum payable on maturity of the Notes. The Notes (including accrued and unpaid interest thereon) are due and payable in full on May 31, 2014. The Warrants have an exercise price of $0.80 per Common Share of the Company and are exercisable at any time up until November 30, 2014. GuestLogix Inc.
shares T.GXI are trading up $0.02 at $0.78.
