GECI International S.A. (ENXTPA:GECP) announced that it has entered into term sheet with returning investor YA II PN, Ltd., a fund managed by Yorkville Advisors Global LP for private placement of up to 1,000 convertible bonds for gross proceeds of up to 10,000,000 on July 2, 2020. The bonds will have par value of 1,000. The company may receive the funding in 10 tranches of 1,000,000 each over 30 months.
The bonds may be redeemable in cash or in issue of new shares.