cloudBuy £1m loan drawn down

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, say a further £1m of the total £5.75m funds available has been drawn down under the interest bearing loan note instrument dated 8 April.

In accordance with the terms of the agreement, the company has issued 362,800 convertible and 637,200 non-convertible loan notes of £1 each to Robert Sella.