Immunotec Announces Closing $3.45M of New Financing
September 15 2011 - 3:01PM
Marketwired
Immunotec Inc. (TSX VENTURE: IMM), a Canadian based company and a
leader in the wellness industry (the "Company"), today announces
the closing of a financing with TD Bank Group for the sum of $3,
450,000. The new financing, composed of an Operating Loan up to $1,
250,000 and a Committed Term Facility of $2, 200,000, will replace
in its entirety the existing Credit Facility and Demand Loan that
was in place with another financial institution.
"This financing will provide us with the right capital structure
to support our business" said Patrick Montpetit, Immunotec's Vice
President and Chief Financial Officer.
About Immunotec Inc.
Immunotec is a world class business opportunity supported by
unique scientifically proven products that improve wellness.
Headquartered with manufacturing facilities near Montreal, Canada,
the Company also has distribution capacities to support its
commercial activities in Canada and internationally to the United
States, Europe, Mexico and The Caribbean.
About TD Bank Group.
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group (TD). TD is the sixth largest bank in North
America by branches and serves approximately 20 million customers
in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and
Commercial Banking, including TD Canada Trust, TD Insurance and TD
Auto Finance Canada; Wealth Management, including TD Waterhouse and
an investment in TD Ameritrade; U.S. Personal and Commercial
Banking, including TD Bank, America's Most Convenient Bank and TD
Auto Finance U.S.; and Wholesale Banking, including TD Securities.
TD also ranks among the world's leading online financial services
firms, with more than 7 million online customers. TD had CDN$665
billion in assets on July 31, 2011. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock
Exchanges.
The Company files its consolidated financial statements, its
management and discussion analysis report, its press releases and
such other required documents on the SEDAR database at
www.sedar.com and on the Company's website at www.immunotec.com.
The common shares of the Company are listed on the TSX Venture
Exchange under the ticker symbol IMM.
"The TSX Venture does not accept responsibility for the adequacy
or accuracy of this release."
Contacts: Patrick Montpetit VP and Chief Financial Officer (450)
510-4527
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