KINGSTON, ON, Aug. 28 /CNW/ - Millenium Biologix Corporation (TSX: MBC)
("Millenium" or "the Company") today announced that it has closed its
previously announced demand loan (the "Loan") from one of its existing
investors (the "Investor") in the amount of $0.5 million at an interest rate
of twenty five (25%) per annum. The Loan is secured by a general charge over
the assets of the Company, subject to existing prior ranking security. The
Loan is also guaranteed by the Company's subsidiary, Millenium Biologix Inc.,
and secured by a general charge over the assets of Millenium Biologix Inc.,
subject to existing prior ranking security.
