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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 55,967,293
Close 2015-09-28 C$ 0.21
Market Cap C$ 11,753,132
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ORIGINAL: Naturally Splendid Enters into Loan Agreement

2015-09-29 15:27 ET - News Release

(via Thenewswire.ca)



VANCOUVER, BRITISH COLUMBIA / TheNewswire / (September 29, 2015) - Naturally Splendid Enterprises Ltd. (the " Naturally Splendid ") (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) announces that it has entered into a loan agreement with Robert Schulz (the " Lender ") whereby the Lender has agreed to loan Naturally Splendid CAD $100,000 (the " Loan ") for a period of two years (the " Maturity Date ") at an interest rate of 12% per annum.

Prior to the Maturity Date, Naturally Splendid will have the right to repay all of the outstanding balance of the Loan by paying the Lender an amount equal to 124% of the Loan less any accrued interest paid by Naturally Splendid (the " Repayment Price ") provided that either (i) Naturally Splendid completes financings totaling at least $1,500,000 in the year following the date of acceptance by the TSX Venture Exchange of the Loan (the " Exchange Acceptance Date "), or (ii) Naturally Splendid exercises this right one year after the Exchange Acceptance Date. Further, the Lender will also have the right to have Naturally Splendid repay the Loan prior to Maturity Date at the Repayment Price provided that Naturally Splendid completes financings totaling at least $1,500,000 in the year following the Exchange Acceptance Date.

As additional consideration of the Loan, Naturally Splendid has agreed to issue 95,238 common shares (" Bonus Shares ") to the Lender.

The Loan will be used for working capital.

The loan agreement and the Bonus Shares are subject to acceptance by the TSX Venture Exchange.

For more information e-mail info@naturallysplendid.com or call 604-673-9573

On Behalf of the Board of Directors


J. Craig Goodwin

CEO, Director

Contact Information

Naturally Splendid Enterprises Ltd.

(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)

2435 Beta Avenue
Burnaby, BC, V5C 5N1

Phone: (604) 570-0902

Fax: (604) 570-0934

E-mail: info@naturallysplendid.com

Website: www.naturallysplendid.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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