News: LAW Lawfinance Announces Successful Restructure And Capital Raising

April 19 (Reuters) - Lawfinance Ltd (LAW) :

• SUCCESSFUL RESTRUCTURE AND CAPITAL RAISING-LAW.AX
• NEGOTIATED TERMS FOR GREATER THAN A 90% REDUCTION IN ITS CORPORATE NET DEBT
• AGREED TERMS TO REFINANCE FRONT BOOK SECURED FACILITY
• ARRANGED A NEW DEBT FACILITY OF A$3 MILLION
• RECEIVED FIRM COMMITMENTS OF A$17.2 MILLION UNDER A CONDITIONAL PLACEMENT
• PLACEMENT AT A$0.013 CENT PER SHARE
• EXECUTED DEBT-TO-EQUITY AGREEMENTS WITH MORE THAN 40 LENDERS TO CONVERT ABOUT A$55 MILLION OF CORPORATE DEBT TO EQUITY
• CORPORATE DEBT TO EQUITY AGREEMENTS AT AN AVERAGE PRICE OF $0.037 CENTS PER SHARE