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| Home : First Global Enters Into Debt Conversion Agreements and Assignment of Debt |
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Jan 22
2016 |
First Global Enters Into Debt Conversion Agreements and Assignment of Debt |
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TORONTO, ON--(Marketwired - January 21, 2016) - First Global Data Limited ("First Global" or the "Corporation") (TSX VENTURE: FGD) would like to announce that it has agreed to convert two (2) loans, in aggregate amount of $992,383.56 into a convertible debenture (the "Debt Debenture"). The Debt Debenture will bear interest at a rate of 10% per annum, such interest to be paid on a yearly basis. The term of the Debt Debenture will be 36 months from the date of issuance and will be convertible, at the option of the holder, at a price of $0.05 per share at any time. |
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| Source:http://www.marketwired.com/mw/release.do?id=2090120&sourceType=3 |
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