GLG Life Tech Corporation Announces First Loan Under Previously Announced Government Financing Support Agreement

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GLG Life Tech Corporation (Nasdaq: GLGL) announces that it has received funds from the first loan under the previously announced financing support agreement with Fengyang County Government in June 2011.The first loan has been arranged with the Huishang Bank for RMB 17 million (approximately CAD 2.7 million). The Company plans to arrange additional loans on an as-needed basis and has the support of the Fengyang County Government under the June 2011 financing support agreement for credit facilities up to RMB one billion (approximately CAD 160 million).

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