Cash Canada Receives Demand for Payment
EDMONTON, Nov. 20, 2009 (Canada NewsWire via COMTEX) --
Company: Cash Canada Group Ltd (CUL)
TSX Venture Exchange Symbol "CUL"
Cash Canada Group Ltd. ("Cash Canada" or the "Company") (TSX Venture:CUL) announced that on November 20, 2009 it received a Notice of Intention to Enforce Security from CashCo Financial Inc., a secured creditor. The Security being enforced is the General Security Agreement dated May 11, 2004. The total amount of the indebtedness secured by the Security is $2,106,261.26 as at October 27, 2009, plus costs. CashCo Financial Inc. will not have the right to enforce the Security until after November 30, 2009, unless otherwise consented to by Cash Canada.
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that term is defined in the policies of the TSX Venture Exchange) accepts
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%SEDAR: 00005741E
SOURCE: Cash Canada Group Ltd.
Cash Canada Group Ltd., Tim Latimer, Acting Chief Executive Officer, Telephone: (780) 909-6544, Facsimile: (780) 424-1242, E-mail: tim.latimer@settlementlenders.com
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Company: Cash Canada Group Ltd (CUL)
Related terms: canada, security
