4th July 2019 –Technology company MGM Wireless Limited (ASX:MWR) (‘MGM’ or ‘the Company’) today announces it will drawdown a further $250,000 of its existing $2 million convertible note. The funding is due to be received later this month. The facility will be drawn to $1.50 million following receipt of these additional funds.
The funds will be used to manufacture additional inventory of the Company’s SPACETALK children’s phone+watch required for future and existing distribution arrangements.
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