BRIEF-Genenews ltd - executed a term sheet with Alumina Partners Llc
April 7 (Reuters) - Genenews Ltd
* Genenews limited provides financing update
* Executed a term sheet with Alumina Partners Llc, an arms' length party
* Will draw down on US$10 million in structured, unsecured convertible notes in installments over a 24 month period
* Applied to TSX for a "financial hardship" exemption from requirement to obtain shareholder approval for an offering
* Offering may result in a new control person of company Source text for Eikon: Further company coverage:
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