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| Home : First Global Data Announces Conversion of Debt |
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Jan 12
2013 |
First Global Data Announces Conversion of Debt |
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TORONTO, ONTARIO--(Marketwire - Jan. 11, 2013) - First Global Data Limited (the "Corporation") (TSX VENTURE:FGD) is pleased to announce that it has it has negotiated a share for debt settlement with two (2) arm's length creditors of the Corporation. The Corporation has agreed to issue an aggregate of 8,429,740 common shares (the "Debt Shares") to the two (2) arm's length parties in exchange for the cancellation of an aggregate $3,119,004 in debt owing to the creditors. The common shares are being issued at a deemed price of $0.37 per common share. |
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| Source:http://www.marketwire.com/mw/release.do?id=1744947&sourceType=3 |
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