BuildDirect.com Technologies Inc. has announced the closing of new secured debt financing. The combined $3 million is from Pelecanus Investments Ltd., Lyra Growth Partners Inc., and Beedie Investments Ltd. Pursuant to the loan, BuildDirect issued secured notes to the three firms through its wholly-owned subsidiary BuildDirect Operations Ltd.
The net proceeds from the loan will be used to continue to advance BuildDirect’s strategy and for general working capital purposes. The TSX Venture Exchange has been notified of the notes under its policies.
