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BRIEF-Evolution Bnk Receives Final GMP License For Italy Facility, Elixxer Announces Related Party Loan

Published 2019-08-30, 01:16 p/m
BRIEF-Evolution Bnk Receives Final GMP License For Italy Facility, Elixxer Announces Related Party Loan

Aug 30 (Reuters) - Elixxer Ltd ELXR.V :

* EVOLUTION BNK RECEIVES FINAL GMP LICENSE FOR ITS FACILITY IN PAVIA, ITALY AND ELIXXER LTD. ALSO ANNOUNCES RELATED PARTY LOAN

* ELIXXER - ENTERED INTO A LOAN AGREEMENT PURSUANT TO WHICH ARLINGTON CAPITAL LP HAD PROVIDED CO WITH UNSECURED LOAN IN AMOUNT OF UP TO $4.7 MILLION

* ELIXXER LTD - CO AND ARLINGTON HAVE AGREED TO EXTEND LOAN AGREEMENT TERM TO 12 MONTHS WITH ALL OTHER CONDITIONS INTACT

* ELIXXER LTD - CURRENTLY IN ADVANCED DISCUSSIONS WITH OTHER FUNDING PROVIDERS FOR ADDITIONAL LONG-TERM NON-DILUTIVE FUNDING

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