March 3 (Reuters) - Invigor Group Ltd (IVO) : Elected not to...

March 3 (Reuters) - Invigor Group Ltd (IVO) :

• Elected not to proceed with executing the $1.0 million face value loan facility for which a nonbinding term sheet had previously been signed
• Granting options to the lender
• Says loan facility with Marcel Equity Pty Ltd has been increased by $200,000 to $700,000
• Will relieve Invigor from an obligation to issue shares as collateral for the loan and from granting options to the lender
• Says co also commenced a share purchase plan for eligible shareholders to acquire new shares in the company