News Release
Q Investments Advances Loan to NRG Investments Inc.Q Investments Ltd. has agreed to loan to NRG Investments Inc. (“NRG”) the sum of $1,500,000 to be employed by NRG primarily to acquire oil & gas assets in the Columbia River Basin, Washington State. The loan will bear interest at the rate of 15% per annum, compounded quarterly, and will mature November 10, 2012. The loan will be secured by fixed and floating charge security over NRG’s assets. The terms and conditions of the loan are set out in a loan agreement between the parties dated November 10, 2006. The Company and NRG are related parties under Exchange policy 5.9. The Company also owns 3,500,000 common shares of NRG, previously purchased at $0.50 per share. NRG is a private British Columbia corporation, engaged in the oil and gas business. To obtain a copy of the Report or for further information concerning this announcement, please contact Michael Price, President, at 44-20-7977-1268, or visit our website at www.qinvestmentsltd.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. © 2007 Q Investments Ltd. (TSX: QI) - Please read our Disclaimer. |
TSX: QI
