Flexible Electronics News

Important Update on Dyesol-Tasnee Strategic Investment

Agreed to continue their strategic investment relationship

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Dyesol and Tasnee have agreed to continue their strategic investment relationship on the following concurrent terms: 1. Immediate Conversion of $4.1 million Dyesol Convertible Note: Tasnee agrees to immediately convert the $4.1 million convertible note issued by Dyesol on March 14, 2013 into ordinary shares at the conversion price set under the terms of the note of 16.6 cents per share. Tasnee agrees to a standstill in relation to further purchases or sales of Dyesol shares until May 31 2014 ...

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