Oil and gas explorer sells three-month debentures to Energold Minerals
By Devika Patel
Knoxville, Tenn., Oct. 4 - Maverick Minerals Corp. completed a C$300,000 convertible debenture financing with Energold Minerals Inc. on Sept. 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The 8% debentures are convertible into common shares at $0.10 per share, which is a 61.54% discount to the Sept. 27 closing share price of $0.26. The debentures have a maturity of three months.
The oil and gas explorer is based in Toronto.
| Issuer: | Maverick Minerals Corp.
|
| Issue: | Convertible debentures
|
| Amount: | C$300,000
|
| Maturity: | Dec. 31, 2012
|
| Coupon: | 8%
|
| Conversion price: | $0.10
|
| Warrants: | No
|
| Investor: | Energold Minerals Inc.
|
| Settlement date: | Sept. 28
|
| Stock symbol: | OTCBB: MVRM
|
| Stock price: | $0.26 at close Sept. 27
|
| Market capitalization: | $3.34 million
|
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