BRIEF-Bioteq Environmental Technologies issues $1.5 mln convertible loans

Wed Jul 6, 2016 5:05pm EDT
 
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July 6 (Reuters) - Bioteq Environmental Technologies Inc

* Upon prepayment or maturity of loans, each lender may elect to convert at conversion price $0.06 centsper share

* Bioteq issues $1.5 million convertible loans

* Bioteq environmental technologies inc says loans bear interest at a rate of 8% per annum and are repayable in full on 18 month anniversary of closing

* On prepayment or maturity of loans, lender may elect to convert portion of repaid principal into common shares of co Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)