Critical Control Energy Services Corp. (TSX:CCZ) announced a private placement of term loan for gross proceeds of CAD 2,000,000 on December 21, 2017. The loan will be drawn by the company as necessary. The loan is expected to be fully drawn during 2018 based and dependent upon demand for the company's software offerings. Repayment requirements of the new term loan stipulate that the first 6 months after the initial draw shall be interest only and the principal thereafter shall be amortized over a 36 months period.