Aerospace & Defense News - Defense Africa / Middle East.

 
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May 31, 2009

BVR Systems

BVR Systems (1998) Ltd., a diversified world leader in advanced military training and simulation systems, today announced, entering into an agreement with Yuval Golan Investments Ltd. and Michael Golan Securities Holdings Ltd. (collectively the "Investor") pursuant to which the Investor shall provide to the Company USD 3,500,000 by way of a debenture (the "Debenture Amount"). Of the Debenture Amount USD 2,000,000 shall be provided to the Company no later than May 31, 2009 and the balance of USD 1,500,000 shall be provided on June 21, 2009. May 28, 2009

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