Advanced Braking Technology Received Conversion Notices

  • Nov 11, 2019 AEDT
  • Team Kalkine

Advanced Braking Technology Limited (ASX: ABV) has reported that its convertible note debt was reduced by $1.45 million. ABV has received conversion notices to convert debt worth $1.45 million to approx. 72.54 million shares.

  • These notices were in addition to the conversion of $29k convertible notes.
  • After conversion notices, the convertible note liability is reduced to ~$152k.
  • ABT believes that it is well positioned to implement its growth strategy.

By 1:35 PM AEST, ABV was trading at $0.027, up by 8% relative to the previous close.

 

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