New Media Lottery wraps €1.15 million convertible loan with Trafalgar Capital

By Devika Patel

Knoxville, Tenn., Nov. 3 - New Media Lottery Services plc said it completed a €1.15 million secured convertible loan agreement with Trafalgar Capital Specialized Investment Fund.

Trafalgar also received a warrant for 3 million shares.

Proceeds will be used for marketing and to support the company's projects.

Based in Dublin, Ireland, New Media Lottery Services is principally engaged in the development, marketing, administration and online sale of lottery games.

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