TORONTO, March 13, 2023 /CNW/ - Swarmio Media Holdings Inc. (CNSX:SWRM.CN) (OTC:SWMIF) (GR:U5U) ("Swarmio" or the "Company"), today announced that it has received CAD$1,000,000 in secured debt from a private lender, who is an existing shareholder. The debt is repayable on demand by the lender at any time on or after June 10, 2023. The lender of this debt also received common share purchase warrants entitling them to acquire an aggregate of 5,000,000 common shares of Swarmio at $0.08 per share for up to 5 years. The net proceeds of this debt offering will be used for short-term working capital and general corporate purposes.
Read more at newswire.caSwarmio Media Receives Interest-Free Loan of $1 Million from Strategic Shareholder
Newswire.ca - Press Release
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