End of the Subscription Period of the 4% Convertible Bonds 2014-2018

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End of the Subscription Period of the 4% Convertible Bonds 2014-2018

 

Zug, January 20, 2014 – New Venturetec Ltd. (SIX:NEV) announced today the end of the subscription period for the 4% Convertible Bonds 2014-2018. A total amount of CHF 15'055'000 have been subscribed by existing shareholders and new investors.

Peter Friedli, the chairman of New Venturetec subscribed to CHF 12'000'000 of the Convertible Bonds which have not been subscribed by existing shareholders of which CHF 5'000'000 will be invested through the conversion of existing short term debt owed by New Venturetec to Mr. Friedli.

The anticipated closing of the transaction is January 23, 2014.

New Venturetec is a publicly traded Swiss investment company (SIX: NEV) which invests directly in venture capital companies in the USA.

For further information:

Yves Huwyler
Hinterbergstrasse 47
6312 Steinhausen
Tel: 041 740 26 26
info@newventuretec.com