Arise Technologies

high performance solar technology A Bright Future Leveraged by High-Efficiency ARISE PV Cells </p

about 13 years ago

... Provides Update on Commerzbank Agreement

WATERLOO, ON, Sept. 15, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T) ("ARISE" or the "Company"), which is a leader in high-performance, high-quality, cost-effective solar technology, today announced that the Company closed a $500,000 bridge loan ("Bridge Loan") from Radiant Offshore Fund Ltd and Radiant Performance Fund LP (collectively "Radiant"). The purpose of the Loan is to provide working capital bridge financing to the Company. The Loan matures on December 14, 2011 and bears interest at a rate of 10.0% per annum.

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