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Prospect News home > News index > List of issuers M > Headlines for MGT Capital Investments, Inc. > News item
Published on 10/9/2012 in the Prospect News PIPE Daily.

MGT Capital Investments negotiates exchange agreement for convertibles

Company swaps notes for $3.5 million in cash and 100,000 common shares

By Devika Patel

Knoxville, Tenn., Oct. 9 - MGT Capital Investments, Inc. said it agreed to exchange its convertible notes for $3.5 million in cash and 100,000 common shares on Oct. 6.

The exchange is expected to occur on Oct. 9.

MGT Capital is in the business of monetizing intellectual property and is based in Harrison, N.Y.


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