Interlink Global closes $1.5 million private placement of convertibles

By Sheri Kasprzak

New York, April 10 - Interlink Global Corp. settled a private placement of senior secured convertible debentures for $1.5 million.

A single institutional investor bought the debentures. The terms of the deal were unavailable by press time Tuesday.

Midtown Partners & Co., LLC was the placement agent.

Proceeds will be used for development of the company's Latin American telecommunications network.

Based in Miami, Interlink provides telecommunications services.

The company's stock was unmoved at $0.45 on Tuesday (Pink Sheets: ILKG).

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