Brief: Avenir Telecom Announces Bond Financing To Accelerate The Development Of Its Products

Avenir Telecom SA

05/04/2019 17:22

April 5 (Reuters) - AVENIR TELECOM SA  AVOM.PA :
    * SETTING UP A BOND FINANCING OF UP TO EUR 7 MILLION TO
ACCELERATE
THE DEVELOPMENT OF ITS PRODUCTS
    * REDUCTION OF NOMINAL SHARE VALUE OF AVENIR TELECOM FROM
EUR 0.20
TO EUR 0.04
    * POTENTIAL CAPITAL INCREASE OF EUR 7 MILLION, EXCLUDING ANY
EXERCISE OF WARRANTS
    * CONCLUSION OF ISSUANCE AGREEMENT FOR BONDS CONVERTIBLE
INTO
SHARES WITH WARRANTS ATTACHED WITH NEGMA GROUP LTD INVESTMENT
FUND
    * FINANCING OPERATION EXTENDS OVER MAXIMUM TERM OF 24 MONTHS

Source text: https://bit.ly/2OPWur3
Further company coverage:  AVOM.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))