Footies looking positive!16 Aug 2019 20:17
On 15 July 2019, based on the positive progress on the product side and indications of interest from potential customers and partners, the Company has signed a new funding agreement with Footies Ltd, a 75% owned subsidiary. Under the new agreement, the Company will provide an additional loan in the amount of a minimum of US$225,000 and up to US$300,000 by way of a convertible loan. The additional loan will be converted into Footies shares, based on certain business conditions that will determine the valuation of Footies, which can potentially increase the Company's equity interest in Footies.