Brief: Taiga Announces $15 Million Term Loan Agreement And Provides A Production Update

Taiga Motors

04/10/2023 23:01

Oct 4 (Reuters) - Taiga Motors Corp  TAIG.TO :
    * TAIGA ANNOUNCES $15 MILLION TERM LOAN AGREEMENT AND
PROVIDES A
PRODUCTION UPDATE
    * TAIGA MOTORS CORP - LOAN WILL SUPPORT COMPANY'S CONTINUED
GROWTH
TOWARDS PRODUCING APPROXIMATELY 1,000 VEHICLES IN 2023
    * TAIGA MOTORS CORP - TERM LOAN MATURES ON FEBRUARY 10, 2028
    * TAIGA MOTORS CORP - WITH UPCOMING PRODUCTION CHANGE-OVER
TO
SNOWMOBILES NOW IN NOVEMBER, TAIGA EXPECTS TO PRODUCE
APPROXIMATELY 1,000 VEHICLES IN 2023

Source text for Eikon:  ID:nCNW1wkFqa 
Further company coverage:  TAIG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))