14th Nov 2013 13:19
14th November 2013
PeerTV PLC
("PeerTV" or "the Company")
Issue of equity
PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces to the market that it has arranged a £200,000 short term line of credit pursuant to which the Company may borrow £50,000 per month, if required, with each advance repayable in 4 monthly installments. Advances may be repaid through the issue of shares by the Company at a price to be agreed and with reference to market prices. The Company has issued 4 million shares as security for this financing.
The Company also announces the issue of 8,023,041 new ordinary shares in settlement of fees, interest and other liabilities.
Application has been be made for the 12,023,041 shares, which rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM and admission to trading is expected on or after 20 November 2013.
For further enquiries:
PeerTV PLC | |
Eitan Yanuv, Chairman | +972 974 07315 |
Libertas Capital Corporate Finance | |
Thilo Hoffmann/Sandy Jamieson | +44 (0)203 6979499 |
Related Shares:
PTV.L