February 11, 2020 / 12:55 AM / in 14 days

BRIEF-G Medical Innovations Holdings To Raise Capital

Feb 11 (Reuters) - G Medical Innovations Holdings Ltd :

* WILL BE PURSUING A CAPITAL RAISING AND CANCELLATION OF CONVERTIBLE NOTES

* CAPITAL RAISE TO INCLUDE PLACEMENT OF SHARES IN CO TO PROFESSIONAL & SOPHISTICATED INVESTORS TO RAISE UPTO A$10 MILLION

* ANNOUNCES CANCELLATION OF CONVERTIBLE NOTES ISSUED TO MEF I,L.P.

* TO PAY MAGNA US$3.4 MILLION AND ISSUE TO MAGNA SUCH NUMBER OF SHARES EQUIVALENT TO A$200,000 Source text for Eikon: Further company coverage:

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