Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert
Kopple a board member recently provided the Company with a new $1.1
million unsecured non-convertible short term loan. The Board approved
the terms of the loan and Mr. Kopple excused himself from voting on the
matter.
Mr. Kopple to date has advanced the Company approximately $2.9 million
in unsecured non-convertible loans. The $2.9 million included all the
accrued interest to date. In addition, Mr. Kopple has a $2.0 million
convertible Note with conversion right at $0.50 per share.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this release which are not
historical facts are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. These risks are described in the Company's Securities and
Exchange Commission filings.
For more information on Aura Systems Inc. visit www.aurasystems.com.
Copyright Business Wire 2014