15th Dec 2015 18:07
LONDON (Alliance News) - PeerTV PLC on Tuesday said it has issued just shy of 1.4 million shares at 1.814 pence each to YA Global SPV Ltd.
The shares were issued due to the conversion of GBP24,963 in debt and GBP187.13 in interest on debt under a convertible note facility disclosed in February.
In addition, the 'TV over the internet' company has issued just shy of 2.0 million shares at 2.542p each to CSS Alpha (BVI) Ltd, equivalent to GBP50,000, in a partial repayment of a revolving financing facility. Before the repayment, the balance of the facility was about GBP120,000.
On top of that, 590,086 shares have been issued at the same price to Ran Zamir, in a partial repayment of a loan advanced in 2014 to Digitek SMT Assemblies Ltd.
Another block of 590,086 shares has been issued at that price to Shlomo & Ruth Galanti, equivalent to GBP15,000. That was for partial repayment of a loan advanced to PeerTV Ltd in 2010.
Finally, 590,086 shares have been issued at the same price to Adv. Michael Avraham, equivalent to GBP15,000, in partial repayment of a settlement agreed with a creditor of PeerTV Ltd.
Shares in PeerTV closed up 37% at 3.95p on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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