Bluedrop Announces Early Debt Repayment

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)-- Bluedrop Performance Learning Inc. (TSX-V: BPL) ("Bluedrop" or the “Company”) announced today that it has fully and finally satisfied the indebtedness owed to Rizbollo Holdings Limited for an aggregate payment of CDN$600,000.

The related-party unsecured loan in the principal amount of CDN$600,000 (the “Loan”), which was provided by Rizbollo in February 2015 for general corporate and working capital needs, had a maturity date of August 2016. Interest was payable on the Loan monthly at a rate of 16% per annum. The terms of the Loan provided that early repayment could be made by Bluedrop, without penalty.

The loan agreement setting out the terms and conditions of the Loan and the promissory note executed in connection with the Loan have been terminated.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Bluedrop

Bluedrop Performance Learning (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. Bluedrop is transforming the workplace by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations.

For more information, visit www.bluedrop.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160331006233/en/

Bluedrop Performance Learning Inc.
Shanelle Clowe, 709-699-2902
Marketing/Communications
[email protected]

Source: Bluedrop Performance Learning

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