eBet buys A$3.2 million 10% convertibles, debt cut to A$2.5 million

By Devika Patel

Knoxville, Tenn., Sept. 30 - eBet Ltd. said it has redeemed its A$3.2 million in 10% convertible notes at par.

As a result, the company's total debt is now less than A$2.5 million. Company debt has been reduced by about A$14.3 million over the last three years.

The Auburn, Australia, company develops and markets integrated systems and business solutions.

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