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Article: Pelorus Navigation Systems Inc., corporate update.
- Article from:
- M2 Presswire
- Article date:
- January 23, 2004
CopyrightCOPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-23 January 2004-Pelorus Navigation Systems Inc.: Pelorus Navigation Systems Inc., corporate update(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:01222004
Calgary, Alberta CANADA -- Pelorus Navigation Systems Inc. (PN.H - TSX Venture), ("Pelorus") announces that it has secured an extension to the private placement financing previously announced on October 8, 2003 and an increase in its total to $350,000.
Pelorus is also pleased to re-confirm the details of the Forbearance Agreement entered into September 1, 2003. Pursuant to that Forbearance Agreement, the holders of the 8% Partially Convertible Secured Subordinate Debenture (the ...