Matrix Asset Management Inc. : Matrix Reports Extension to Term Loans

Matrix Reports Extension to Term Loans Friday, November 01, 2013 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 1, 2013) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix" or the "Company") reports an extension to term loans previously received from two shareholders. During September 2012 the Company entered into related party loans with two significant shareholders for a total of $575,000. The loans are in the form of promissory notes both bearing interest of 8% per annum and are unsecured with no covenants. Details