ZoomAway Closes US$5 Million Secured Loan and Announces End of Incentive Share Program

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Jan 01, 2021
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VANCOUVER, BC / ACCESSWIRE / December 31, 2020 / ZoomAway Travel Inc. (TSXV:ZMA, Financial)(OTCQB:ZMWYF) (the "Company" or "ZMA") www.zoomaway.com, is pleased to announce that it has closed its previously announced secured loan facility for the principal amount of US$5 million (the "Facility") with AIP Convertible Private Debt Fund LP ("AIP"). The Facility has a term of 24 months, bears interest at the rate of 5% per annum and is secured by a general security agreement on all of the present and future assets of the Company.