MGT Capital (MGT) to Repay $3.5M in Convertible Note Exchange

MGT Capital Investments, Inc. (AMEX: MGT), announced that on October 6, 2012, it entered into a binding exchange agreement with the holders of its Convertible Notes. On Closing, the Company will have repaid the entire $3.5 million issue at face value with $3.5 million in cash plus 100,000 shares of MGT restricted common stock. Closing is expected at 10:00 AM, EDT on October 9, 2012, and no later than October 10, 2012, at which time, MGT will be debt-free.

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