"According to the company, loan has been approved and salary cheques are being paid. Has been approved for weeks. Call them if you want confirmation."
Well, that is interesting considering that the loan hadn't been approved by the TSX Venture as of their news released Nov. 26 which was 9 days ago. I wouldn't call that weeks. It's interesting what the company tells investors.
I believe the company had told some investors that a PP Financing was not possible either. Interesting.
Here's the news from 9 days ago:
"Upon the company receiving TSX Venture Exchange approval of the loan, the company estimates that it will require one to two months to prepare and file the report and to deal with the technical disclosure issues to obtain a full revocation of the CTO subsequently"