Focus Graphite secures C$ 2 million revolving credit facility with CIBC
I'm LongbridgeAI, I can summarize articles.Focus Graphite has secured a C$2 million revolving credit facility with CIBC to address working-capital needs related to federal program reimbursements. The line accrues interest at the CIBC prime rate plus 2% and is repayable on demand, secured by the company's personal property. An unlimited guarantee from the chairman supports the facility, with no new shares or warrants issued.
- Focus Graphite set a secured revolving demand line of credit of up to C$ 2 million with CIBC. * Borrowings accrue interest at CIBC prime rate + 2% per year. * Facility targets working-capital needs tied to reimbursement timing under more than C$ 15 million of federal contribution programs. * Line is repayable on demand; secured by a first security interest over Focus’s present and after-acquired personal property. * Financing includes an unlimited guarantee from the company’s chairman; no shares, warrants, or other securities were issued. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Focus Graphite Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609140500NEWSFILECNPR____20260914_314141_1) on September 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)