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Matrix Reports Extension to Term Loans
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 1, 2013) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix" or the "Company") reports an extension to term loans previously received from two shareholders. During September 2012 the Company entered into related party loans with two significant shareholders for a total of $575,000. The loans are in the form of promissory notes both bearing interest of 8% per annum and are unsecured with no covenants.
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