debt
confidence high
sentiment neutral
materiality 0.50
Target Group adds C$250,000 loan from CEO's brother at 43.26% annual interest, maturity to June 2023
Target Group Inc.
- Effective Oct 18, 2022, Sixth Amending Agreement: lender (CEO's brother) advanced additional C$250,000 under existing loan.
- Maturity extended to June 1, 2023; interest rate 3.0146% per month (43.26% per annum).
- Lender's fee of C$25,000 deducted from advance; remaining loan terms unchanged.