Brief: The Farm 51 Group Secures Financing For Chernobylite And Its DLCs

Farm 51 SA

06/03/2024 06:28

March 6 (Reuters) - The Farm 51 Group SA  F51.WA :
    * SAID ON TUESDAY THE COMPANY SIGNED A CASH LOAN AGREEMENT
WITH
FINGAMES FUND I (LENDER) FOR EUR 830,000
    * UNDER THE AGREEMENT THE LENDER TO RECEIVE REMUNERATION OF
EUR
112,050 UNTIL APRIL 8, 2025
    * THE LOAN TO FINANCE GAME CHERNOBYLITE, AND PRODUCTION OF
ITS DLC
FOR PLAY STATION AND XBOX
    * THE LOAN TO ALSO FINANCE PORTING THE GAME FOR NINTENDO
SWITCH
    * THE NEED TO GET A CASH LOAN TO FINANCE THE GAME, RESULTS
FROM
CASH SHORTAGES IN CONNECTION WITH UNSETTLED RECEIVABLES FROM ALL
IN! GAMES RELATED TO SALES OF THE CONSOLE VERSION OF
CHERNOBYLITE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2g8Gdta
 Further company coverage:  F51.WA  

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