20th Jul 2015 11:31
LONDON (Alliance News) - PeerTV PLC said Monday it has issued 16.7 million shares at a price of 0.0999 pence to YA Global SPV Ltd under a convertible loan note facility it agreed with YA Global in February.
In February PeerTV agreed a convertible loan facility with YA Global of up to USD2 million. The shares issued Monday, valued at GBP16,683, represent a conversion of GBP15,985 under this facility and the payment of interest accrued.
Additionally, PeerTV also has issued a total of 122.8 million shares at 0.1173 pence to pay various debts.
This included 72.7 million shares at 0.11 pence to CSS Alpha BVI Ltd as a part repayment of a revolving finance facility, 19.4 million shares at 0.128 pence to Ran Zamir as part repayment of a loan, 15 million shares at 0.128 pence to Shlomo & Ruth Galanti for the part repayment of a loan, and 15.6 million shares to Demri Group as payment for arrears on PeerTV's premises in Petach Tikva, Israel.
Shares in PeerTV are trading down 11% at 0.120 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
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