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News Breaks
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November 9, 2011
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| 13:15 EDT |  | BOSC |
| theflyonthewall.com: | B.O.S. Better Online to convert $2.5M in loans into ordinary shares | | B.O.S. Better Online Solutions announced that it has entered into agreements with its convertible debt lenders, including Catalyst Private Equity Partners, Telegraph Hill Capital Fund and Dimex Systems, for the amendment of their loan agreements and the subsequent conversion of their debt into the company's ordinary shares. As a result of the conversion, the number of outstanding shares of the company will increase by 1.68M shares, or 61%. The amendments to the loan agreements that will lead to the conversion are subject to shareholders' approval. :theflyonthewall.com |
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