Divestco Inc. announced that it intends to enter into a financing arrangement for $3.15 million with a 30-month term and an interest rate of 15% per annum (the "Loan") compounded monthly in arrears until maturity. The majority of the Loan will be held by directors and other insiders of Divestco. The proceeds of the Loan will be used to repay a $3.0 million term loan with BC-OSB Holdings Ltd. (the "Existing Loan"). The closing in respect of the Loan is expected to occur on April 23, 2018 or such later date as may be agreed to by the parties. The Loan will rank senior in priority to the majority of the Company's other indebtedness, which includes approximately $1.0 million aggregate amount of 8.00% secured subordinated debentures and $5.175 million of shareholder loans.