29th Apr 2016 15:08
LONDON (Alliance News) - Amphion Innovations PLC on Friday said it has agreed terms on the additional drawdown of its loan facility.
Amphion said it will draw down another USD1.8 million of its loan facility.
Under the new terms of the loan, up to USD500,000 of the facility can be converted into Amphion shares at 6.5 pence per share, with the rest of the total loan, around USD3.6 million, convertible at 8.0p per share.
Amphion shares were up 6.0% to 4.24p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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