Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has issued £200,000 worth of unsecured, interest-free convertible loan notes to Wager Holdings to support working capital.
The notes form part of a larger £500,000 facility, are repayable by December 31, and can be converted into shares at £0.0004 each.
Conversion is capped at 29.9% of the company’s enlarged share capital to comply with takeover rules.