Parallel Media Group receives further loans to meet its contractual obligation

Ikaba Koyi WebFG News | 14 Nov, 2017 16:29 | | |

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Leading event marketing and media agency Parallel Media Group announced on Tuesday that David Ciclitira, the chairman of the group, has provided new loans to the group amounting to £83,724 in aggregate.

Parallel said the extra loans were granted to meet the company's contractual obligation, in addition to the group's formalised loan agreements with Mr Ciclitira and all his associated companies, as well as the contractual fees and related costs of approximately £90,500 accrued from 1 July to 31 October 2017.

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