Plexure Group raises $1.6 mln through issue of convertible notes

Fri, 03 Feb 2017

By Rebecca Howard Feb. 3 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, raised $1.6 million through an issue of convertible notes and the funds will be used to support ongoing operations. The notes have a face value of $1 per note and are redeemable nine months from the date of issue, with the conversion date falling on Nov. 3, 2017, it said in a notice to the NZX. Interest is payable at 8 percent and they can be converted to shares at the end of the nine months at a price of 28 cents a share. Convers...

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