April 7, 2016 / 12:12 PM / in 2 years

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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below