text: The Company has credit facilities set out as follows: 
  
  I. A credit facility with a major financial institution, which consists of a $2.0 million revolving demand facility that can be used for the 
  Company’s acquisition program and for general business purposes. The interest rate on the debt is prime plus 125 basis points on prime 
  rate advances or 225 basis points over Banker’s acceptances (“Bas”). Killam has the right to choose between prime rate advances and 
  BAs based on available rates and timing requirements. As at December 31, 2013, the Company had assets with a fair value of $1.7 million 
  pledged as collateral to the line and had a balance outstanding of $Nil (December 31, 2012 ‑ $Nil). 
  
  II. An operating facility which consists of a $1.0 million revolving demand facility for general business purposes, bearing interest at the 
  lender’s prime rate plus 1%. As at December 31, 2013, the Company had letters of credit totaling $0.5 million outstanding against this 
  facility (December 31, 2012 ‑ $0.3 million). The agreement includes certain covenants and undertakings of which the Company is in 
  compliance. 