After the latest conversion and previous repayments, the par value outstanding on the loan is US$1.15mln
Under the terms of the US$5mln convertible debt funding deal announced last November, () has allotted 3.39mln shares at 2.56p each.
YA II PN Ltd and Cuart Investments PCC Ltd have elected to convert a small portion of the loan, with an aggregate par value of US$116,168, into equity.
Following the issue of shares to the investors, the company's enlarged issued share capital will comprise 462,848,416 ordinary shares.
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