11:48 AM EST - iFabric Corp. : Announced that its subsidiary companies, Coconut Grove Pads Inc., Intelligent Fabric Technologies (North America) Inc. and 2074160 Ontario Inc., have entered into agreement with the Bank of Montreal for the provision of certain debt facilities. The facility with 2074160 Ontario Inc. is a secured $1.75-million facility, $1.415 million of which will be used to repay the indebtedness owing to the Business Development Bank of Canada and the remainder of which will be used for working capital. iFabric Corp.
shares T.IFA are trading up $0.01 at $2.47.
