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home / news releases / ZIVO - Zivo Bioscience gets $1M loan from CEO

ZIVO - Zivo Bioscience gets $1M loan from CEO

Zivo Bioscience Inc.

2023-04-05 16:35:15 ET

  • Zivo Bioscience ( NASDAQ: ZIVO ) on Wednesday said it got a $1 million unsecured six-month loan from its CEO John Payne.

  • The loan carries 10% simple interest and may be prepaid without penalty.

  • The loan is extendable for an additional six months and includes warrants to purchase 390,000 shares of ZIVO common stock at $2.91 per share.

  • Proceeds will be used to fund a recently launched validation study with its product candidate for the prevention and treatment of coccidiosis in broiler chickens, to pursue additional strategic alternatives, among other things.

  • Press Release .

For further details see:

Zivo Bioscience gets $1M loan from CEO
Stock Information
Company Name: Zivo Bioscience Inc.
Stock Symbol: ZIVO
Market: OTC
Website: zivobioscience.com
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