TORONTO, ON / ACCESSWIRE / October 11, 2019 / NEXGENRX INC. (TSXV:NXG, Financial) ("NexgenRx" or the "Company") is pleased to announce that it has restructured its outstanding secured indebtedness. In particular, it has repaid $1,250,000 of its previously announced secured loan in the aggregate principal amount of $1,750,000, which it had obtained from an arm's length shareholder in connection with the Company's acquisitions announced last year (see the Company's press release dated July 24, 2018). The foregoing lender has agreed to amend and extend its secured loan in respect of the $500,000 principal amount that remains outstanding, with the interest rate going forward being six percent (6%) payable over 24 months to maturity at August 31, 2021.
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