Net Element Announces Termination of Senior Convertible Notes

Net Element Announces Termination of Senior Convertible Notes

MIAMI, FL — (Marketwired) — 10/16/15 — (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced the termination of $5 million senior convertible notes, which were announced as part of the financing on May 1, 2015 and extended through moratorium agreement with the investors until October 10, 2015.As previously reported on Form 8-K filed with the Securities and Exchange