Mr. Amazing Loans Corp. subsidiary MRAL Blockchain LLC secured a $20 million debt facility from Singapore-based Investment Evolution Coin Ltd., which is owned by Mr. Amazing President, CEO and CFO Paul Mathieson.
The facility is a five-year revolving line of credit with a 12% annual interest rate and a maturity date of June 7, 2023.
Investment Evolution Coin also purchased 360,000 shares of Mr. Amazing Loans' series H preferred stock for $360,000.
