TORONTO, ONTARIO--(Marketwire -03/19/12)- Merus Labs International Inc. ("Merus" or the "Company") (TSX: MSL.TO - News)(NASDAQ: MSLI - News) is pleased to announce that it has been approved for an $8.3 million debt facility with Royal Bank of Canada through their Life Sciences Group. It is anticipated that the funds will be used to finance future product acquisitions. The board of directors and management of Merus view this debt facility as another step toward enhancing the capital base of the Company and facilitating execution of the growth strategy.
About Merus Labs International Inc.
Merus is a specialty pharmaceutical company engaged in the acquisition and licensing of pharmaceutical products. The Company utilizes its expertise in the North American pharmaceutical markets and its access to capital to acquire and license niche branded products in Canada and United States. Merus further enhances the sale and distribution of these products by introduction of a focused marketing and promotion plan.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E (i) (1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Merus' actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Merus' products, changes in competition, the ability of Merus to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Merus that Merus' plans and objectives will be achieved. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update or revise the statements.
- Royal Bank of Canada