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Yorkville converts loan notes into ValiRx shares

The notes were converted at 5.625p a share, versus a current share price of 5.15p..

Cancer cells
The cancer treatment developer is poised for a busy year ahead

Finance house Yorkville has elected to convert a further portion of tranche 1 of the convertible loan facility it provides to ValiRx Plc (LON:VAL).

Yorkville converted US$150,000 of tranche 1 convertible loan notes, plus accrued interest of US$15,840, into 2.39mln shares at a conversion price of 5.625p per share.

Shares of the cancer treatments developer currently trade at around 5.15p, having fallen from 5.37p on news of the conversion.

Quick facts: ValiRx PLC

Price: 6.75 GBX

AIM:VAL
Market: AIM
Market Cap: £2.43 m
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