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Financings

Tevano Systems arranges $500,000 loan

By The Northwire Desk — AI Analysis Feb 25, 2026 · 12:27 TEVO Tevano Systems Holdings Inc
TEVO · Price

Executive Summary

  • Tevano Systems Holdings Inc. entered into an unsecured loan agreement for $500,000 with a third‑party lender.
  • The loan carries interest at 12% per annum and matures on or before February 25, 2027, with an early repayment trigger if the company obtains other financing.
  • Proceeds will be used to cover fees required to resume trading (accounting, legal) and for general working‑capital purposes; closing is pending CSE acceptance and expected around February 27, 2026.

Key Details

  • Loan Amount: $500,000 unsecured.
  • Interest Rate: 12% per annum on the unpaid principal.
  • Maturity Date: On or before February 25, 2027; may be repaid earlier at the company’s discretion.
  • Early Repayment Trigger: If Tevano receives other financing prior to maturity, the loan becomes due within five business days of that financing receipt.
  • Use of Proceeds: Payment of fees necessary to resume trading (accounting and legal) and general working‑capital needs.
  • Closing Conditions: Subject to acceptance by the Canadian Securities Exchange; anticipated closing date is on or about February 27, 2026.

Notable Quotes

(No quotes were provided in the release.)

Read the original news release →

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