Feb 11 (Reuters) - G Medical Innovations Holdings Ltd GMV.AX :
* WILL BE PURSUING A CAPITAL RAISING AND CANCELLATION OF CONVERTIBLE NOTES
* CAPITAL RAISE TO INCLUDE PLACEMENT OF SHARES IN CO TO PROFESSIONAL & SOPHISTICATED INVESTORS TO RAISE UPTO A$10 MILLION
* ANNOUNCES CANCELLATION OF CONVERTIBLE NOTES ISSUED TO MEF I,L.P.
* TO PAY MAGNA US$3.4 MILLION AND ISSUE TO MAGNA SUCH NUMBER OF SHARES EQUIVALENT TO A$200,000