EDG Edge Res

The facilities may be reviewed at any time; however the next review date is scheduled for July 31, 2015.

   5.      Loan payable 

As at December 31, 2014, the Company has a loan payable with a principal amount of $8 million, which bears interest at 10% per annum, is secured against the assets of the Company as a second charge to the Company's lending facility (note 6), and is due January 31, 2017. Any interest and principal repayments for this loan are subject to the bank's prior approval. The loan payable is due to a company that is also a shareholder of the Company, and is repayable at any time without penalty.

The following table summarizes changes in the loan payable:

 
 Principal 
  Balance March 31 and December 
   31, 2014                          8,000,000 
                                   ----------- 
 Interest 
  Balance March 31, 2014             1,843,616 
     Interest expense                  602,740 
                                   ----------- 
  Balance September 30, 
   2014                              2,446,356 
                                   ----------- 
 
 Total loan payable at 
  December 31, 2014                 10,446,356 
                                   ----------- 
 
   6.       Availability of the Financial Statements and MD&A 

Copies of all the Company's Financial Statements and MD&A's will be available on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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