Online content software group Mirada Plc’s (LON:MIRA) has received more financial support from its major shareholder Ernesto Tinajero.
The over-the-top content specialist will receive £1.7mln in a one-year convertible loan from a group comprising Tinajero’s vehicle Kapthungs, Kronck and Minles Corporation.
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Mirada will use the funds to implement the recently won contracts with Nasdaq-listed pay-TV group ATN International and Digital TV Cable Edmund, a Bolivian pay TV operator and broadband services provider.
Tinajero owns 27.03% of Mirada shares through his personal holding and Kaptungs. He was the owner of Cablecom in Mexico, a customer of Mirada that is now part of the Televisa Group.
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Kronck is an investment company owned by Enrique Septién, which has a 2.05% stake in Mirada while Minles has 0.41%.
If the new loan was converted into shares this would amount to a further 52.19% of current issued capital.