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SCOLR Receives $1 Million Loan
November 18, 2002
1 Min Read
SCOLR Receives $1 Million Loan
REDMOND, Wash.--SCOLR Inc. (OTCBB:SCLL), formerlyNutraceutix Inc., completed a $1 million loan secured by a lien on companyassets. The loan has a term of two years, and as part of the loan transaction,SCOLR issued the lender a 10-year warrant to purchase up to 750,000 shares ofthe company's common stock, exercisable at $.50 per share. Money from the loanwill be used for general corporate purposes.
In other company news, New Jersey-based Health Care Insights hasinitiated coverage on SCOLR (pronounced "scholar"). The report'sauthor is Jeffrey H. Berg, Ph.D.
For more information, visit www.nutraceutix.comor Booth #1530-1532 at SupplySide West.
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