STT

STT Enviro Corp. (TSX VENTURE:STT) ("STT" or the "Company") today announced that
it has reached agreement with Business Development Bank of Canada ("BDC") to
provide a $1,700,000 term loan (the "Loan"). The Loan will be available in two
tranches after the satisfaction of certain disbursement conditions, receipt of
TSX Venture approval and completion of legal documentation. The purpose of the
Loan is to refinance a portion of the $2,497,842 of outstanding convertible
debentures issued by STT which mature on March 31, 2014 and April 24, 2014.


The Loan will bear interest at 12% per annum and will mature on July 8, 2015.
Prior to maturity, monthly payments of interest and principal are required. At
maturity, the Loan may be repaid in full, or the maturity may be extended to
March 31, 2017. In connection with the Loan, the Company will issue 1,045,000
common share purchase warrants to the lender exercisable at $0.12 per share
until July 8, 2015.


David Deacon, STT's CEO, said "This financing represents another significant
step forward for STT, providing the Company with the funding required to retire
the majority of the convertible debentures maturing in early 2014."


About STT Enviro Corp.

STT Enviro Corp. is an international supplier of environmental solutions and
industrial processes, with specific emphasis on water remediation and emission
control systems.


The Company is of the view that environmental considerations and preventative
technologies are becoming a prerequisite of most modern industrial expansion,
particularly in the mining, oil & gas and power sectors.


The Company's principal focus is the conceptual design, engineering, project
management, and assembly and installation of complete bulk material handling
systems used to clean up water and control air emissions - from the storage
silos, to the conveying systems, to the computerized electronic controls. The
systems are utilized internationally in a broad range of industries.


Caution Regarding Forward-Looking Information

Forward-Looking Information

This news release contains certain forward-looking statements. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions regarding the growth, results of operations,
performance, and business prospects and opportunities. Such forward-looking
statements reflect management's current beliefs and expectations and are based
on information currently available to management of the Company. In particular,
statements regarding the future operating results and economic performance are
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties. A number of factors could cause actual events or results to
differ materially from the events and results discussed in the forward-looking
statements, including risks outlined under "Risk Factors" in our Annual
Information Form, which is posted at www.sedar.com. In evaluating these
statements, investors should specifically consider various factors, including
such risks as Investment Risk; Business Valuations; Condition of Capital
Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate
Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk
Factors" could cause actual events or results to differ materially from any
forward-looking statement. These factors should not be considered exhaustive.
Although the forward-looking statements contained in this press release are
based on what management of the Company considers to be reasonable assumptions
based on information currently available to them, there can be no assurance that
actual events or results will be consistent with these forward-looking
statements, and management's assumptions may prove to be incorrect. These
forward-looking statements are made as of the date of this press release, and
none of STT nor its directors assume any obligation to update or revise them to
reflect new events or circumstances. Undue reliance should not be placed on
forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
STT Enviro Corp.
David Deacon
CEO
(905) 875-5577

Grafico Azioni STT Enviro Corp. (TSXV:STT)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni STT Enviro Corp. (TSXV:STT)
Storico
Da Giu 2023 a Giu 2024