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LONDON (Alliance News) - Blue Star Capital PLC Monday said it has agreed an extension to its GBP400,000 shareholder loan agreed in April 2011.
Repayment has been rescheduled to June 30, 2014. It had already been extended to March 31.
At the end of March 31, the outstanding amount under the loan was GBP85,292, including interest and repayment premium already accrued. To preserve cash and aid the implementation of the company's investing policy, the loan holders have agreed to waive interest on the loan until the final redemption date, according to Blue Star.
The original GBP400,000, plus accrued interest, was scheduled for repayment by March 31, 2012.
Chief Executive Anthony Fabrizi is amongst the lenders.
Earlier Monday, Blue Star Capital said Oak Media Ltd, of which it owns 90%, has signed an agreement with Nextan (Gibraltar) Ltd to provide white-label real money gaming services for the UK market.
Blue Star Capital shares were Monday quoted at 0.602 pence, up 15%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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