Telemessage Inc. announced that it has entered into agreement of venture loan with returning investor, Mizrahi Tefahot Bank, Ltd. for gross proceeds of $1,000,000 on January 25, 2015. The company can access this facility and will withdraw the full amount until June 31, 2015, with repayments in 36 installments. The interest rate on the loan is the London Interbank offered rate plus 6%. As part of the agreement, Messaging International Plc will issue 4,500,000 warrants to the investor exercisable at any time from issuance to January 24, 2020. The warrants are exercisable at a price of £0.0091 ($0.01365) per share representing the average closing price of an ordinary share in the capital of the Company as derived from the AIM Appendix to the daily official list during the 30 days immediately prior to the signing of such warrant.

On January 25, 2015, Telemessage Inc. closed the transaction.