Yesterday after the closing bell, Consorteum Holdings, Inc. was pleased to announce that it has reached an agreement with a private investor to settle an outstanding investment loan. The investor has agreed to accept 1,500,000 shares at a price of 0.20 per share as settlement for their $300,000 investment loan.
Craig Fielding, CEO of Consorteum Holdings Inc., stated, “It is important that in addition to growing revenues, we are also making efforts to enhance our balance sheet. We believe this settlement presents excellent value for our shareholders as we reposition for 2010.”
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