1st Mar 2016 13:42
LONDON (Alliance News) - Events marketing firm Parallel Media Group PLC on Tuesday said it has secured further loans from its chairman.
David Ciclitira has provided further loans of GBP84,129 to the company, taking the total value of the loans provided to the company by Ciclitira and entities controlled by him to GBP910,513.
The new loan has been made to meet contractual obligations of Parallel Media, it said, and will carry no interest.
Parallel shares were down 15% to 7.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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