Patch International Inc (PTCHF) 2.0400 $PTCHF P
Post# of 273242
Posted On: 09/22/2016 1:02:56 AM
Patch International Inc (PTCHF) 2.0400 $PTCHF
Patch International Inc. Extends the Term of its CAD$500,000 Loan to Formation Fluid Management Inc.
Marketwire Canada - Fri Sep 16, 12:48PM CDT
CALGARY, ALBERTA--(Marketwired - Sep 16, 2016) - Patch International Inc. ("Patch International" or the "Corporation"
announces that it has extended the term of its CAD$500,000 loan (the "Loan" to Formation Fluid Management Inc. (DBA "Formation Fluid Technology" ("Formation Fluid". The maturity date of the Loan, being evidenced by a promissory note issued by Formation Fluid to Patch International (the "Promissory Note", has been extended to November 4, 2016.
Patch International Provides Update on Loan to Formation Fluid
Marketwired - Mon Apr 11, 5:52PM CDT
Patch International Inc. ("Patch International" or the "Corporation" announces that in connection with its CAD$500,000 loan to Formation Fluid Management Inc. (DBA Formation Fluid Technology) ("Formation Fluid", as previously announced on November 6, 2015, Patch International had engaged in negotiations to enter into a business transaction with Formation Fluid, on such terms as were yet to be determined, that would result in Formation Fluid acquiring the issued and outstanding securities of Patch International. Patch International made the loan to alleviate financial hardship being experienced by Formation Fluid and to allow time for the parties to agree on terms for a potential business transaction. Patch International cautions that there is no guarantee that the prior negotiations or any future negotiations will result in a business transaction, or if a business transaction is undertaken, as to its terms or timing.
Patch International Inc. Advances CAD$500,000 Loan to Formation Fluid Management Inc.
Marketwired - Fri Nov 06, 12:29PM CST
Patch International Inc. ("Patch" or the "Corporation" is pleased to announce that it has advanced a secured non-convertible loan (the "Loan" in the amount of CAD$500,000 to Formation Fluid Management Inc. (DBA "Formation Fluid Technology" ("FFT", a company listed on the TSX Venture Exchange. The Loan is evidenced by a promissory note issued by FFT to Patch (the "Promissory Note" and secured by a general security agreement. Amounts outstanding under the Promissory Note shall accrue interest at a rate of 10% per annum, payable in arrears at maturity, and will be due on May 5, 2016. The Loan will be used by FFT for working capital and general and administrative expenses.
Patch International Inc. Extends the Term of its CAD$500,000 Loan to Formation Fluid Management Inc.
Marketwire Canada - Fri Sep 16, 12:48PM CDT
CALGARY, ALBERTA--(Marketwired - Sep 16, 2016) - Patch International Inc. ("Patch International" or the "Corporation"
announces that it has extended the term of its CAD$500,000 loan (the "Loan" to Formation Fluid Management Inc. (DBA "Formation Fluid Technology" ("Formation Fluid". The maturity date of the Loan, being evidenced by a promissory note issued by Formation Fluid to Patch International (the "Promissory Note", has been extended to November 4, 2016. Patch International Provides Update on Loan to Formation Fluid
Marketwired - Mon Apr 11, 5:52PM CDT
Patch International Inc. ("Patch International" or the "Corporation"
announces that in connection with its CAD$500,000 loan to Formation Fluid Management Inc. (DBA Formation Fluid Technology) ("Formation Fluid", as previously announced on November 6, 2015, Patch International had engaged in negotiations to enter into a business transaction with Formation Fluid, on such terms as were yet to be determined, that would result in Formation Fluid acquiring the issued and outstanding securities of Patch International. Patch International made the loan to alleviate financial hardship being experienced by Formation Fluid and to allow time for the parties to agree on terms for a potential business transaction. Patch International cautions that there is no guarantee that the prior negotiations or any future negotiations will result in a business transaction, or if a business transaction is undertaken, as to its terms or timing. Patch International Inc. Advances CAD$500,000 Loan to Formation Fluid Management Inc.
Marketwired - Fri Nov 06, 12:29PM CST
Patch International Inc. ("Patch" or the "Corporation"
is pleased to announce that it has advanced a secured non-convertible loan (the "Loan" in the amount of CAD$500,000 to Formation Fluid Management Inc. (DBA "Formation Fluid Technology" ("FFT", a company listed on the TSX Venture Exchange. The Loan is evidenced by a promissory note issued by FFT to Patch (the "Promissory Note" and secured by a general security agreement. Amounts outstanding under the Promissory Note shall accrue interest at a rate of 10% per annum, payable in arrears at maturity, and will be due on May 5, 2016. The Loan will be used by FFT for working capital and general and administrative expenses. 
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