16:06:32 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Gener8 Media Corp
Symbol GNR
Shares Issued 49,095,488
Close 2015-01-23 C$ 0.72
Market Cap C$ 35,348,751
Recent Sedar Documents

Gener8 repays $1.25-million loan to Fu Feng Da

2015-01-23 21:26 ET - News Release

Mr. Rory Armes reports

GENER8 REPAYS FFD LOAN

Gener8 Media Corp. repaid its loan to Tianjin Fu Feng Da Movie and Television Investment and Development Co. Ltd. today and terminated the asset purchase agreement between the company and FFD as well, which will enable the company to pursue other opportunities. Pursuant to the previously announced amended loan agreement between Gener8 and FFD dated Dec. 12, 2014, the original loan amount of $3-million, plus accrued interest, was reduced to $1.25-million. Concurrent with the loan repayment, Gener8 is proceeding to discharge all of the related security.

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