OR DISSEMINATION IN THE UNITED STATES OF AMERICA LIVEREEL ENTERS LOAN AGREEMENTEnters Loan Agreement • September 18th, 2012 • LiveReel Media CORP • Services-amusement & recreation services
TORONTO, ONTARIO, September 17, 2012 – LiveReel Media Corporation (OTC: LVRLF.PK) announced that it has entered into a Loan Agreement in the principal amount of $25,000 with Billidan Family Trust, a “related party” under National Instrument 61-101 (“NI 61-101”) by virtue of having certain common controlling shareholders or trustees, as the case may be. The Loan is in the principal amount of Cdn $25,000 and has a term equal to the lessor of 12 months or the closing of a transaction which results in the purchase and sale of all or substantially all of the issued and outstanding securities of the Corporation or a similar transaction resulting in a change of control of the Corporation. The Loan bears interest at 12% per annum, payable on maturity or termination, as the case may be, and may be repaid in advance upon payment of $2,000.
