January 26, 2011 – Immaterial Change to SMIC Financing Agreement
SMIC has advised maxill under Section 5.07 of the agreement, that due to non-utilization by maxill of a specific loan facility within the agreement, that such facility credit capacity will be reduced by the fixed amount of $830,000 which is not the maximum allowable reduction they could have enacted for the 12 month stated period.
maxill states that this credit reduction in a specific credit line stems from a non-utilization of credit in the Capital Asset Pool facility. Furthermore, this reduction in credit has no material meaning or impact on company operations or plans.
maxill inc. is a manufacturer and distributor of infection control, dental hygiene and other related products.
maxill inc. is an Ontario jurisdiction, reporting issuer, public company.
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