Acheter-Louer.Fr SA announced that it has received 0.50 million in funding.
July 15, 2013 at 12:00 am EDT
Acheter-Louer.Fr SA (ENXTPA:ALALO) announced a private placement of 5,000,000 convertible bonds at 0.10 per bond for gross proceeds of 500,000 on July 15, 2013. The bonds will be convertible into shares of the company at any time at a conversion price of 0.1 per share and the repayment is scheduled at maturity. The bonds will bear an interest rate of 6%. The duration for the issuance of the bonds is four years.
On July 15, 2013, Acheter-Louer.Fr SA closed the transaction.