ARTEMIS INTERNATIONAL SOLUTIONS CORPORATION SIGNED USD 5 MILLION LOAN AGREEMENT
Proha Plc Stock Exchange Bulletin August 15, 2003, at 1.10 p.m. ARTEMIS INTERNATIONAL SOLUTIONS CORPORATION SIGNED USD 5 MILLION LOAN AGREEMENT Proha Plc's subsidiary, Artemis International Solutions Corporation (AISC) has agreed on a line of credit up to USD 5 million with Laurus Master Fund Ltd (Laurus) to finance its business operations. Laurus will have the right to convert any portion of the outstanding loan into AISC shares at a per share market price plus 25%. Pursuant to the terms of the agreement, Laurus' beneficial ownership in AISC is limited to 2.5%. In connection with the loan