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| Home : First Global Data Limited Closes $4 Million of Senior Secured Debentures |
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Feb 12
2013 |
First Global Data Limited Closes $4 Million of Senior Secured Debentures |
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TORONTO, ONTARIO--(Marketwire - Feb. 12, 2013) - First Global Data Limited (the "Corporation") (TSX VENTURE:FGD) is pleased to announce that, further to its press release of December 27, 2012, the Corporation has issued an aggregate of $4 million of Series "A" 10% senior secured debentures (the "Debentures") to an institutional investor (the "Investor"). The Corporation and the Investor are working towards establishing an escrow arrangement for the remaining $4 million (the "Escrowed Funds") of Debentures. The Escrowed Funds are intended to be released to the Corporation concurrent with the Corporation signing binding offers for future acquisitions and satisfaction of certain other release conditions. The Escrowed Funds may be released in one or more installments. |
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| Source:http://www.marketwire.com/mw/release.do?id=1755741&sourceType=3 |
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