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Avante Logixx Inc. Announces $10 Million Term Facility With Fairfax

Globe Newswire - Mon Jun 13, 2022

Not for distribution to U.S. news wire services or for dissemination in the United States

TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) today announced that it has agreed to the terms of a $10 million unsecured subordinated term loan facility maturing in 2027 (the “Term Loan”) with Hamblin Watsa Investment Counsel Ltd., in its capacity as investment manager of Fairfax Financial Holdings Limited (“Fairfax”) and certain affiliates thereof. The Term Loan remains subject to customary closing conditions, including the execution of definitive agreements.


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