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News Centre Extension to Short-term Loan

 29 July 2016

MoneySwap plc

(“MoneySwap” or the “Company”)

 

Extension to Short-term Loan

 

MoneySwap announces that it has received a further USD 30,000 under an extension to the loan facility (the "Short-term Loan") from Changsha Zhangdian Investment Company Limited (the "Lender"), further details of which were announced by the Company on 9 May 2016, 16 June 2016 and 1 July 2016. The Company has now drawn down USD 248,000 from the Lender, comprising the full USD 200,000 available under the Short-term Loan and USD 48,000 pursuant to two extensions to the Short-term Loan.

 

The monies received from the Lender are being applied by MoneySwap principally in meeting the various legal and regulatory costs associated with the Proposed Subscription, further details of which were announced by the Company on 1 July 2016.

 

 

- Ends- 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

Non-Executive Chairman

Nominated Adviser

Financial PR

Craig Niven

 

Nick Naylor

James Reeve

Fiona Fenn Smith

 

+44 7767 497400

+44 20 3328 5656

+44 7712 101922

 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants, which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.