YuuZoo Corp. is up almost 6% or 0.8 cent at 14.2 cents after the social e-commerce and payments company says it has secured access to a $30 million funding facility this morning before the market opened.
Under an agreement signed on Sept 4, New York-based private alternative investment group GEM Global Yield Fund has agreed to provide the company with up to $30 million over the next three years.
YuuZoo will be able to draw down funds during the three-year term of agreement by issuing ordinary shares to GEM Global at a price per share, which represents a 10% discount on the closing price of the group’s shares. YuuZoo will request the date for such a drawdown.
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Under an agreement signed on Sept 4, New York-based private alternative investment group GEM Global Yield Fund has agreed to provide the company with up to $30 million over the next three years.
YuuZoo will be able to draw down funds during the three-year term of agreement by issuing ordinary shares to GEM Global at a price per share, which represents a 10% discount on the closing price of the group’s shares. YuuZoo will request the date for such a drawdown.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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