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Think Research Corp(THNK-X)
TSX Venture

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Think Research Announces Bridge Loan - Thu Aug 17, 4:00PM CDT

TORONTO, Aug. 17, 2023 /CNW/ - Think Research Corporation (TSXV: THNK) ("TRC" or the "Company"), a company focused on transforming healthcare through digital health software solutions, is pleased to announce that it has obtained a new $1.5 million non-convertible loan (the "Loan") from Beedie Investments Ltd. ("Beedie Capital"), pursuant to its existing credit agreement with Beedie Capital dated as of April 22, 2022 (as amended, the "Credit Agreement"). Think intends to use the proceeds of the Loan for general and working capital purposes. The Loan is a separate facility from the $25 million convertible facility with Beedie Capital that was previously announced on April 25, 2022. Although the Company has partially drawn upon the convertible facility, the company chose to obtain this Loan to avoid dilution that may otherwise occur by drawing down the convertible facility.


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