MoneySwap Plc Extension to Short-term Loan (9723I)
September 05 2016 - 8:12AM
UK Regulatory
TIDMSWAP
RNS Number : 9723I
MoneySwap Plc
05 September 2016
5 September 2016
MoneySwap plc
("MoneySwap" or the "Company")
Extension to Short-term Loan
MoneySwap announces that it has received a further US$147,000
under an extension to the loan facility (the "Short-term Loan")
from Changsha Zhangdian Investment Company Limited (the "Lender"),
further details of which were announced by the Company on 9 May
2016, 16 June 2016, 1 July 2016 and 29 July 2016. The Company has
now drawn down US$395,000 from the Lender, comprising the full
US$200,000 available under the Short-term Loan and US$195,000
pursuant to three extensions to the Short-term Loan.
The monies received from the Lender are being applied by
MoneySwap principally in meeting working capital needs and the
various legal and regulatory costs associated with the Proposed
Subscription, further details of which were announced by the
Company on 1 July 2016.
- Ends-
For further information, please contact:
MoneySwap Plc Allenby Capital MoneySwap Plc
Limited
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Non-Executive Nominated Adviser Financial PR
Chairman
---------------- ------------------ -----------------
Craig Niven Nick Naylor Fiona Fenn Smith
James Reeve
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+44 7767 497400 +44 20 3328 5656 +44 7712 101922
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About MoneySwap (www.moneyswap.com)
MoneySwap provides payment solutions and gateways to merchants,
which allow both online and point of sale transactions to be
settled using UnionPay cards in the UK. In addition, UnionPay has
licensed MoneySwap for its MoneyExpress service, which enables
overseas persons to send funds directly to UnionPay cardholders in
China. The Company also offers an online peer-to-peer platform for
currency exchange and payments. The Company's shares are traded on
the London Stock Exchange's AIM market (AIM: SWAP). More
information can be found at www.moneyswap.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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