Local Corporation Increases Working Capital by Approximately $3.0 Million and Extends Convertible Debt Maturities

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IRVINE, Calif.--(BUSINESS WIRE)--Local Corporation (NASDAQ:LOCM), a leading local search and advertising technology company, completed a series of transactions bringing the aggregate amount of its outstanding Senior Convertible Notes to approximately $9.32 million, raising approximately $3.0 million of new capital and extending the maturities. Senior Convertible Notes On March 9, 2015, the company entered into a Securities Purchase Agreement relating to the sale and issuance of Senior Convertib

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