By Devika Patel
Knoxville, Tenn., Nov. 23 - Mundo Minerals Ltd. said it arranged a A$5 million convertible note facility with AngloPacific Group plc.
The 8.5% note is convertible into ordinary shares at A$0.32 apiece, a 23% premium.
Proceeds will be used for development.
Mundo Minerals is a gold explorer in West Perth, Australia.
| Issuer: | Mundo Minerals Ltd.
|
| Issue: | Convertible note facility
|
| Amount: | A$5 million
|
| Coupon: | 8.5%
|
| Price: | Par
|
| Yield: | 8.5%
|
| Conversion price: | A$0.32
|
| Conversion premium: | 23%
|
| Warrants: | No
|
| Investor: | AngloPacific Group plc
|
| Pricing date: | Nov. 23
|
| Stock symbol: | Australia: MUN
|
| Stock price: | A$0.285 at close Nov. 23
|
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