eine Geldquelle scheint weiterhin die Kreditlinie mit dem staatlichen Träger zu sein. Die Zinsen starten erst 2018 und knapp 1 Mio stehen dort noch zur Verfügung aus dem Agreement.
On May 22, 2015, the Company entered into an agreement with the Minister of Western Economic Diversification Canada (“the Minister”) to borrow up to $1,375,000. The Minister funds 50% of certain costs incurred in the development and commercialization of the Company’s data visualization product as specified in the terms of the agreement. The Company requests funding on a quarterly basis. The Company shall repay any amounts owing in equal instalments starting May 1, 2018 for 59 consecutive months ending April 1, 2023. The loan is unsecured and interest is calculated on any unpaid amounts and compounded at the average bank rate plus 3% and interest starts accruing on May 1, 2018. As at March 31, 2016, the Company has borrowed $379,327. |