MONTREAL, Nov. 5 /CNW Telbec/ - Sonomax Hearing Healthcare Inc. (TSX
Venture: SHH) is pleased to announce that it has held a first closing of its
previously-announced financing by borrowing $645,000 from various "accredited
investors". The loans bear interest at an annual rate of 12%, payable
quarterly, and are due March 4th, 2009. The proceeds from the loans have been
added to Sonomax's working capital. Sonomax anticipates that the final closing
of the financing for the remaining $105,000 will take place on or about
November 30th, 2009.
