BRIEF-xReality Group Enters Into Conditional Debt Repayment & Subscription Agreement

Reuters
05 Mar
BRIEF-xReality Group Enters Into Conditional Debt Repayment & Subscription Agreement

March 5 (Reuters) - xReality Group Ltd XRG.AX:

  • ENTERED INTO CONDITIONAL DEBT REPAYMENT & SUBSCRIPTION AGREEMENT WITH BIRKDALE HOLDINGS $(QLD)$

  • IF SHAREHOLDER APPROVAL OBTAINED, CO PROPOSES CURRENT DEBT OWING TO BIRKDALE OF A$4.628 MILLION WILL BE CONVERTED TO SHARES

  • IF SHAREHOLDER APPROVAL OBTAINED, CO WILL ISSUE TO BIRKDALE 92.6 MILLION SHARES OF CO AT PRICE OF A$0.05 PER SHARE

Further company coverage: XRG.AX

((Reuters.Briefs@thomsonreuters.com;))

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