CALGARY, AB and TORONTO, Nov. 29, 2023 /CNW/ - Magnetic North Acquisition Corp. (TSXV: MNC) (TSXV: MNC.PR.A) ("Magnetic North" or the "Company") is pleased to announce that it has entered into a commitment letter (the "Credit Agreement") with a Canadian Financial Institution (the "Lender"). Under the Credit Agreement, the Lender has made available to the Company a non-revolving demand facility in the principal amount of US$10,000,000. The facility bears interest at U.S. prime plus 1.5% per annum and will be used by the Company for investment purposes.
Read more at newswire.caMAGNETIC NORTH ACQUISITION CORP. ENTERS INTO NEW CREDIT FACILITY
Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.
