Keystone secures P&A loan for MVP

Vancouver: International Keystone Entertainment of Vancouver has secured a us$1.2-million loan from directors, senior officers and shareholders of the company to fund the u.s. print and advertising budget for MVP: Most Valuable Primate.

The interest rate is 2% for the initial six months, 2.5% for a second six months if the company extends the term. Keystone has also agreed to issue to the lenders an aggregate of 240,000 common shares at $0.70 per share.

Keystone’s shares haven’t traded since Aug. 31 on the Montreal Exchange when they closed at $0.70. *

-www.keypics.com