Next Phase Ventures Ltd.: Next Phase Ventures Ltd. Announces FCC Settlement Framework, Related-Party Funding and Strategic Transaction Update
Next Phase Ventures Ltd. (TSXV: NPV) announced a settlement with Farm Credit Canada, reducing its debt by $236,724.99. The company also disclosed a $100,000 shareholder loan from CEO Darren Bondar to fund the initial settlement payment. The loan will be consolidated into a single secured obligation of $631,198.79, bearing 12% interest.