Brief: Alexium International Says Alexium Agrees To Refinance Outstanding Debt For Equity

Alexium International

27/12/2023 24:39

Dec 27 (Reuters) - Alexium International   AJX.AX :
    * ALEXIUM AGREES TO REFINANCE OUTSTANDING DEBT FOR EQUITY
AND
RAISE A MINIMUM OF A$4 MILLION
    * TOTAL MINIMUM EQUITY OF A$4 MILLION TO BE RAISED VIA A
PLACEMENT
    * DEBT FOR EQUITY REFINANCING OF OUTSTANDING CONVERTIBLE
NOTE
REMOVES ALL SHORT TO MEDIUM-TERM REFINANCING CONCERNS
    * PENDING SHAREHOLDER APPROVAL, EQUITY TO BE ISSUED TO
COLINTON
CAPITAL PARTNERS TO RETIRE OUTSTANDING CONVERTIBLE NOTE
    * PROPOSED 2.035 FOR 5 PRO RATA NON-RENOUNCEABLE ENTITLEMENT
OFFER
TO RAISE A$3.5 MILLION
    * PLACEMENT AT A$0.013 PER SHARE

Source text for Eikon:  ID:nASX67N8Ft 
Further company coverage:  AJX.AX 

 ((Reuters.Briefs@thomsonreuters.com;))