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BRIEF-TxCell renegotiates OCABSA financing option
October 25, 2017 / 4:55 PM / a month ago

BRIEF-TxCell renegotiates OCABSA financing option

Oct 25 (Reuters) - TXCELL SA:

* EXISTING OCABSA FINANCING PROGRAM RENEGOTIATED TO REDUCE COST OF CAPITAL FOR TXCELL AND DILUTION FOR SHAREHOLDERS‍​

* €15 MILLION GUARANTEED IN MONTHLY INSTALLMENTS NOW AT TXCELL’S SOLE DISCRETION

* CASH RUNWAY EXTENDED EVEN IF LISTED CASH WARRANTS ARE NOT FULLY EXERCISED BY FEB 26, 2018

* ‍SIGNED AN AMENDMENT TO ITS CONTRACT WITH YORKVILLE ADVISORS GLOBAL LP​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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