Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Raymor: Assets Based Financing of $4,950,000

Abstract:
Raymor Industries Inc. (TSX VENTURE: RAR) Raymor entered into a financing agreement with a local financial institution who will provide assets based financing of $4,000,000 at an interest rate of 10 % for a term of up to 10 years. In addition, a line of credit in the amount of $950,000 has also been arranged with the same lender supporting the company's receivables and inventories.

Raymor: Assets Based Financing of $4,950,000

BOISBRIAND, QUEBEC, CANADA | Posted on May 23rd, 2007

As part of the financing agreement, Raymor will issue 75,000 share purchase warrants. Each warrant will enable its holder to purchase one additional common share of the Company at a price of $1.20 until May 14, 2009. The share purchase warrants will be subject to a four month and one day hold period expiring on September 15, 2007.

Commenting on the news above, Mr. Stephane Robert, President and CEO of Raymor Industries said the following:

"The closing of this financing will allow Raymor to be more aggressive in growing each division of our company."

Raymor announces the granting of 120,000 incentive stock options exercisable at a price of 1.20 $ per share to officers and directors of Raymor. The issuance of the stock options is subject to acceptance by the TSX Venture Exchange.

####

About Raymor Industries Inc.
RAYMOR INDUSTRIES INC. (TSX-V: RAR) has as its mission to become a leading developer of high technology for the production of single-walled carbon nanotubes, nanomaterials and other advanced materials for high value-added applications. Raymor Industries operates three wholly-owned, industrial subsidiaries, Raymor Nanotech, Raymor Aerospace and AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four divisions: (1) nanotechnology products, including nano-powders, nano-coatings, and single-walled carbon nanotubes (C-SWNT) for "the applications of tomorrow"; (2) thermal spray coatings, which largely targets military, aeronautical, aerospace, specialized industrial, and mining applications; (3) spherical metallic powders, primarily used for biomedical and aerospace applications; and (4) net-shape forming, a component manufacturing technique used for ballistic protection and other aerospace and military applications. Raymor holds the exclusive rights to more than 20 patents throughout the world, with other patents pending.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.

FOR MORE INFORMATION ON RAYMOR INDUSTRIES, A NANOTECH 100 COMPANY AND LIST OF NANOTECH 100 COMPILED BY IANANO, PLEASE VISIT: http://www.raymor.com

(VERSION FRANCAISE SERA DISPONIBLE SUR LE SITE WEB DE RAYMOR)

For more information, please click here

Contacts:
Raymor Industries Inc.
Investor Relations
450-434-1004 ext.: 444
Toll Free: 888-734-1004
450-434-1300 (FAX)

Media Relations:

Copyright © Market Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Harris & Harris Group Reports Financial Statements as of December 31, 2014 and Posts Annual Letter to Shareholders on Website March 17th, 2015

Arrowhead to Present at 2015 Barclays Global Healthcare Conference March 4th, 2015

Arrowhead to Present at 2015 RBC Capital Markets' Global Healthcare Conference February 17th, 2015

Iran 1st among Islamic Nations in Scientific Production, Nanotechnology February 16th, 2015

Nanotubes/Buckyballs

Carbon nanotube fibers make superior links to brain: Rice University invention provides two-way communication with neurons March 25th, 2015

Iranian Scientists Eliminate Expensive Materials from Diabetes Diagnosis Sensors March 25th, 2015

Effect of Carbon Nanotubes on Properties of Cement Composites Studied in Iran March 23rd, 2015

First proof of isolated attosecond pulse generation at the carbon K-edge March 20th, 2015

Announcements

Tokyo Institute of Technology research: Catalyst redefines rate limitations in ammonia production March 30th, 2015

Next important step toward quantum computer: Scientists at the University of Bonn have succeeded in linking 2 different quantum systems March 30th, 2015

'Atomic chicken-wire' is key to faster DNA sequencing March 30th, 2015

Nanoscale worms provide new route to nano-necklace structures March 29th, 2015

Industrial

Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015

Young NTU Singapore spin-off clinches S$4.3 million joint venture with Chinese commercial giant March 23rd, 2015

Nanodevice Invented in Iran to Detect Hydrogen Sulfide in Oil, Gas Industry March 20th, 2015

Industrial Production of Nano-Based PVC Products in Iran March 20th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE