Habanero Resources Gets Loan


Habanero Resources Inc. has arranged to borrow from non-arm’s-length lenders and arm’s-length lenders the total amount of $99,000. Habanero has agreed, subject to TSX Venture Exchange acceptance, to pay to the lenders a bonus equal to 20 per cent of the loan. The bonus will be paid by the issuance of 396,000 common shares at a price of five cents per share. The shares will be subject to a four-month hold period from the date of issue.

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