30th Jul 2014 09:10
LONDON (Alliance News) - Tern PLC Wednesday said a director at the company had advanced the firm GBP100,000 prior to converting the funding into new equity.
Al Sisto has provided the funding interest free for a term of 366 days, and it will be convertible at the same price of the next equity capital fundraising by the cloud and mobile-focused investment firm.
Tern shares topped the London market on Wednesday, up 32.7% to 2.156 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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