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BRIEF-Migme is looking to finalise a series of convertible note transactions
April 11, 2017 / 12:20 AM / 6 months ago

BRIEF-Migme is looking to finalise a series of convertible note transactions

April 11 (Reuters) - Migme Ltd

* It is currently looking to finalise a series of convertible note transactions prior to Monday 17 April 2017

* Committed to further reducing its operating cost profile and to delivering a substantially more focussed organisation.

* Funds raised will be utilised to pay existing creditors and maintain a level of operations to ultimately enable achievement of cash flow positive operations in 2017

* Recapitalisation may include sale of underlying business and/or migration of company to an overseas exchange

* Company is advancing negotiations in relation to a proposed refinancing and recapitalisation of company Source text for Eikon: Further company coverage:

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