April 15, 2015
Synodon Inc. (“Synodon”) [TSXV-SYD] announces that it has reached an agreement with AVAC Ltd. to exit from its investment agreement and settle its repayment obligation of a royalty on revenue for an amount that management believes approximates the estimated net present value of the outstanding commitment to AVAC. The agreement provides that the first priority security on
Synodon’s assets will be released.
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