QLM announces the issue of a £5m Convertible Loan Note Facility
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QLM announces the issue of a £5m Convertible Loan Note Facility.
The £5m committed facility is funded by existing shareholders and will be used for QLM’s working capital and capital expenditure requirements.
Loan notes totaling £2.5m were immediately drawn down. These loan notes carry a fixed interest rate and are convertible into shares on set conversion criteria during the 3-year facility term.
