Friday or Monday3 Jul 2017 15:12
We should know about the loan re arrangement
Below is from the rns about the equity few months back
addition, YA II PN Ltd has an outstanding loan with the Company, further details which were most recently announced on 8 July 2016. The amount outstanding in relation to the loan is currently $592,000 and the current repayment schedule envisages the balance being paid in full by July 2017. As previously announced on 8 July 2016 the loan is capable of conversion into new ordinary shares in the Company at a conversion price of no less than 3 pence. The Company and YA II PN Ltd have agreed that, save in the circumstances whereby the Company fails to meet its repayment obligations under the loan agreement, YA II PN Ltd will not exercise its conversion rights under the loan agreement.
Interesting to see what happens and what is agreed