StockMarketWire.com - Online marketing company for the gambling industry Veltyco Group said it had entered into separate loan agreements with three of its directors.

Each of the directors -- Paul Duffen, Marcel Noordeloos and Mark Rosman -- would provide a loan of €166,667, totalling €500,000.

They would be used to provide additional working capital.

The unsecured loan were for a term of three years and would accrue interest at 5% per annum.

The could be repaid on or before 31 March 2022 at the company's election.




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