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2013-12-03

CRS Electronics Announces Proposed $1 Million Loan Financing

CRS Electronics Inc. is pleased to announce closing of a $1 million loan financing from CJL Holding Inc., a corporation related to Mr. Chang Jiang Wu, the Company's Executive Chairman. The loan is evidenced by a non-interest bearing unsecured promissory note repayable on or about December 31, 2013 through the issuance of 5 million common shares of CRS at an issue price of $0.20 per share.
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