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ValiRx puts convertible loan note facility with Yorkville to bed

ValiRx confirms that there are no further obligations existing between itself and Yorkville
Bank roll
The company's issued share capital will comprise of 399mln shares on admission of the 25.2mln shares to YA II.

Cancer therapeutics specialist ValiRx Plc (LON:VAL) said its standby equity distribution agreement with Yorkville (YA) is now done and dusted.

YA elected to convert all remaining US$520,000 of its convertible loan notes from the second tranche of its loan facility into 25.2mln ValiRx shares at a conversion price of 1.5429p a share.

No further amounts on Tranche 2 of the convertible loan notes (CLNs) remain outstanding. As previously announced Tranches 1 and 3 have been fully repaid and so this is the final conversion under the CLN facility.  

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