19 December 2012. Virool – promissory note conversion

TMT Investments PLC,  is pleased to announce that, through mutual agreement, the outstanding principal and unpaid accrued interest of the Company’s convertible promissory note in Virool, Inc. (the “Note”) amounting to US$401,820 was yesterday converted into Virool’s preferred shares at an equity valuation equal to 80% of the equity valuation applicable to the equity financing round that Virool is currently undertaking.

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