­ Gatekeeper Systems Inc. announced the company has entered credit facilities for additional working capital to facilitate recently announced major contracts and continued growth. The Company has entered a revolving credit facility ("Credit Facility") with Toronto Dominion Bank pursuant to which the Company may draw up to CAD 6 million for working capital provisions. Interest on the Credit Facility is based on either the Canadian bank prime rate plus 0.85% or US bank base rate plus 0.75% .

The Credit Facility is subject to set up fees as well as export guarantee program fees payable quarterly to Export Development Canada. The Company has also entered a letter of credit facility ("Letter of Credit Facility") with Toronto Dominion Bank pursuant to which Toronto Dominion Bank will issue letters of credit, including supplier payment guarantees, up to CAD 2 million to certain Company suppliers. The Letter of Credit Facility fee is 0.65% of the amounts issued under the Letter of Credit Facility.

The Credit Facility and Letter of Credit Facility is secured by a General Security Agreement (GSA) for Gatekeeper Systems Inc., representing a first charge on the Company's present and after acquired personal property, and a Uniform Commercial Code Security Agreement ("UCC") for Gatekeeper Systems USA Inc., among other customary guarantees, and is repayable upon demand.