Odin Completes $330,000 Loan
January 21 2014 - 1:28PM
Access Wire
Vancouver, British Columbia:
Odin Mining and Exploration Ltd. ("Odin") is pleased to announce
that it has borrowed an aggregate principal of $330,000 (the
"Loans") from seven lenders. The Loans bear interest at 4% until
February 28, 2014 and then at 12% thereafter but interest and
principal are not payable until June 30, 2014.
As partial consideration for the
Loans and in accordance with the policies of the TSX Venture
Exchange, Odin issued the lenders an aggregate of 1,320,000 bonus
shares.
A material change report in
connection with the transaction will be filed less than 21 days
before the closing of the transaction. This shorter period is
reasonable and necessary in the circumstances as Odin wished to
complete the transaction in a timely manner.
On behalf of the Board,
(signed) "Stephen Stow"
Stephen W.C.
Stow
President
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.