RE: I think19 Sep 2018 19:52
Financing Update RNS 07/06/18
The Company and YA have now agreed that the redemption of the remaining 2,891 Series A shares will take place over 12-month period, on a monthly basis, for which the Company will be making cash redemption payments to YA of US$265,000 per month. Once so redeemed, the Series A shares will be cancelled. The Company has also the right to convert redeemable Series A shares into ordinary shares, at its option. Â The Company will also have the right to pay down in cash the entire redemption amount for the outstanding number of Series A shares at any point.