Brief: Leclanché Draws Down Third Tranche From Convertible Loan Facility

Leclanche SA

25/08/2020 05:56

Aug 25 (Reuters) - LECLANCHE SA  LECN.S :
    * DRAWS DOWN A THIRD TRANCHE OF CHF 910,000* FROM THE
CONVERTIBLE
LOAN FACILITY OF UP TO CHF 39 MILLION WITH YORKVILLE ADVISORS
    * INITIAL CHF 2.9 MILLION TRANCHE UNDER CONVERTIBLE LOAN
FACILITY
WITH YORKVILLE ADVISORS WAS DRAWN DOWN IN FEBRUARY 2020 AND
SECOND TRANCHE OF CHF 720,000 IN JUNE 2020.
    * THIRD CHF 910,000 TRANCHE WILL BE USED TO FUND COMPANY
OPERATIONS AND EXPANSION.

Source text for Eikon:  ID:nEQ202P76a 
Further company coverage:  LECN.S 

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