Aurora Spine receives $1M insider loan: 4 notes

Anuja Vaidya -   Print  |

Aurora Spine received a loan from a company insider, according to Stockhouse.

Here are four notes:

 

1. The loan amounts to $1 million.

 

2. The company plans on using the funds from the loan for general corporate purposes.

 

3. The loan bears an interest of 9 percent per year, to be paid back in five years.

 

4. Recently, Aurora Spine granted stock options to the chairman of the company's board of directors to acquire 1 million common shares of the company.

 

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