NuGen Medical Devices signs loan agreement for up to C$ 1.3 million with Sol-Millennium Medical HK

Bitget2026/09/21 11:42

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NuGen Medical Devices signed a loan agreement with Sol-Millennium Medical HK for up to C$ 1.3 million, dated Sept. 18, 2026.
Initial C$ 500,000 advance expected once conditions are met; remaining C$ 800,000 tied to a definitive deal to acquire Sol-Millennium Canada.
Loan carries 6% annual interest, calculated monthly and compounded annually; overdue amounts accrue 12% interest, compounded monthly.
Matures five years from the initial advance; secured by a general security agreement over all present and after-acquired personal property.
Proceeds earmarked for transaction costs, working capital, other lender-approved uses; mandatory prepayment triggered by receipts of at least $1 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NuGen Medical Devices Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609210742NEWSFILECNPR____20260921_315163_1) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NuGen Medical Devices signs loan agreement for up to C$ 1.3 million with Sol-Millennium Medical HK

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