VANCOUVER, British Columbia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Sirona Biochem Corp. (TSXV:SBM) (FSE: ZSB) (OTC:SRBCF) ("Sirona" or the "Company") announced that it has entered into a demand grid promissory note (the "Note") with 0906462 B.C. Ltd. (the "Lender") for a loan in the aggregate principal amount of up to $1,000,000 (the "Loan"). Pursuant to the terms and conditions of the Note:
(a) | the Loan is repayable on demand by the Lender; | |
(b) | the Loan bears interest at a rate of 12% per annum, calculated yearly not in advance; and | |
(c) | the Company has agreed to, subject to TSX Venture Exchange approval ... |