TAAL Announces Debt Financing

 TAAL Distributed Information Technologies Inc. a blockchain infrastructure and service provider, is pleased to announce that it has entered into a loan agreement with Wright International Investments Ltd., an entity wholly-owned by Craig Wright, advisor to the Company providing for debt financing in an aggregate principal amount of US$7,000,000.

The Lender has made an initial advance under the Note in an amount equal to US$3,500,000 in the form of Bitcoin SV and the Note provides that the Lender will make a further advance of US$3,500,000  on January 29, 2021. The Note is unsecured, funds advanced under the Note bear interest of 8% annually and the Note is repayable 30 days following a demand for repayment on or after January 29, 2023. TAAL may repay the Lender at any time without penalty.

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