Alan Allman: 1 ME bond financing with Negma


(CercleFinance.com) – Alan Allman Associates announces the setting up of bond financing for a maximum amount of one million euros with Negma group Ltd, a specialized investment fund.

This financing takes the form of an issue of bonds convertible into shares, without BSAs attached. The first installment of 250,000 euros is drawn upon signature of the contract. The draw and the quantum of the installments is by hand of the Company. The Investor’s maximum commitment period is 24 months from today.

The convertible bonds will bear no interest and will have a maturity of 12 months from their issue.

This line of financing will allow Alan Allman Associates to benefit from a liquidity tool, to enable an outside investor to place additional securities in the market.

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