4.65 million Subscription Agreement $11.9 million Secured Debt eliminated Metal Storm gets backing from European institutional investor Eliminates $11.9 million of secured debt Prepares for non-lethal weapon productionSubscription Agreement • May 15th, 2012 • Metal Storm LTD /Adr/ • Measuring & controlling devices, nec
Defence technology company Metal Storm Limited (“Company”) has enhanced its balance sheet through a multi-million dollar subscription agreement to reduce its debt burden and assists its program for non-lethal weapon and ammunition production.
