First Global Data Limited
TSX VENTURE : FGD

First Global Data Limited

March 13, 2015 15:30 ET

First Global Data Negotiates Debt Conversion Agreement with a Director of the Corporation

TORONTO, ONTARIO--(Marketwired - March 13, 2015) - First Global Data Limited ("First Global" or the "Corporation") (TSX VENTURE:FGD) would like to announce that it has negotiated a debt conversion agreement (the "Debt Agreement") with a director of the Corporation (the "Creditor").

Pursuant to the terms of the Debt Agreement, First Global has agreed to issue an aggregate of 127,505 common shares (the "Debt Shares") to the Creditor in exchange for the cancellation of debt owning to the Creditor. The Debt Shares are being issued at a deemed price of $0.095 per common share.

The issuance of the Debt Shares is subject to the approval of the TSX Venture Exchange.

About First Global

First Global Data Limited (TSX VENTURE:FGD), is an international financial services technology company operating in the payments sector. First Global's services are designed primarily for the domestic and international unbanked and under banked markets. Our two main lines of business are mobile payments and international money transfers. First Global's leading edge technology core enables Mobile and Online: Payments, Money Transfers, Shopping and Peer to Peer services.

First Global enables our strategic partners and clients around the world with our leading edge financial services technology platform. We facilitate the movement of money domestically and internationally in full compliance with regulatory guidelines, maintain a strong focus on compliance and hold licenses to operate as a Money Service Business in 23 US States and elsewhere around the world, with a reach that extends to approximately 97 countries worldwide.

First Global's objective is to become a global leader in ubiquitous mobile money payment and money transfer services.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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