ROHSTOFF INTERNATIONAL |
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12:36 | 03.11.2009
Broadview Press Inc.: Loan From Insider; Recent Market Activity
CALGARY, ALBERTA–(Marketwire – Nov. 3, 2009) – Broadview Press Inc. (”Broadview”) (TSX VENTURE:BDP) announces that the company has negotiated a loan from Jekam Holdings Ltd. in the amount of $572,000. As Jekam is controlled by a director and significant shareholder (JoAnn McCaig), this is an insider transaction, and as such has been approved by the exchange. The loan shall bear interest at 5%, calculated and compounded annually. The purpose of the loan from the perspective of Broadview is to provide Broadview with capital to facilitate options for Broadview to consider taking itself private by means to be considered and determined by the Board of Directors of Broadview. Broadview is not aware of any material developments that would explain the recent significant increase in the company’s share price and trading volumes in the past two days of market trading. Preliminary results for the past quarter (and to the end of October) show results somewhat below expectations. The officer responsible for issuance of this press release and who may be contacted for further information is Don LePan. |
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