Brief: Rightbridge Ventures Reduces Financial Cost Related To Acquisition

Rightbridge Ventures AB

13/01/2025 07:51

Jan 13 (Reuters) - Rightbridge Ventures Group AB
 RIGHTB.ST :
    * NEGOTIATIONS WITH BANK REDUCE LOAN REPAYMENT FOR RAKETSPEL
TRANSACTION TO SEK 20 MILLION FROM SEK 44.5 MILLION
    * AGREEMENT WITH BANK REDUCES FINANCIAL BURDEN ASSOCIATED
WITH THE
ACQUISITION OF RAKETSPEL INTERAKTIVA PRODUKTIONER AB 
    * STRUCTURE OF PROMISSORY NOTE TO SAFE LANE GAMING HAS BEEN
REVISED
    * ORIGINAL AGREEMENT STIPULATED A PROMISSORY NOTE OF SEK
19.5
MILLION, PAYABLE IN SHARES OR CASH TO SAFE LANE GAMING
    * NEW TERMS ARE FOR A CONVERTIBLE PROMISSORY NOTE, WHICH
WILL BE
PAID IN SHARES OVER THE NEXT THREE YEARS, WITH ONE-THIRD SETTLED
AT EACH INTERVAL

Source text:  ID:nWkr5tfDfd 
Further company coverage:  RIGHTB.ST 

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