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Article: Equity line of credit of up to GBP10m, Capital reorganisation, Annual General Meeting.
- Article from:
- M2 Presswire
- Article date:
- January 31, 2002
CopyrightCOPYRIGHT 2002 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-31 January 2002-TADPOLE: Equity line of credit of up to GBP10m, Capital reorganisation, Annual General Meeting (C)1994-2002 M2 COMMUNICATIONS LTD
RDATE:31012002
The Board is pleased to announce that the Company has entered into an agreement with GEM Global whereby GEM Global has agreed to provide Tadpole with up to GBP10 million, in the form of an equity line of credit. Under the terms of the Equity Line (details of which are contained in a circular sent to Shareholders today), Tadpole may from time to time require GEM Global to subscribe for Ordinary Shares for cash up to an aggregate subscription price of GBP10 million. The Company ...