St. Barbara buys back, cancels A$1.75 million of convertible notes

By Jennifer Chiou

New York, March 3 - St. Barbara Ltd. announced the repurchase of A$1.75 million of its convertible notes.

The company said it paid accrued interest on the acquired notes up to Monday and then canceled those securities on Wednesday.

As already reported, the conversion price on the notes was lowered to A$0.64 from A$0.65 in December as a result of the company's entitlement offer to retail investors.

Now, A$60 million of the notes remains outstanding.

St. Barbara is a Melbourne, Australia, gold miner.

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