St. Barbara gets puts on A$20.75 million convertibles, calls remainder

By Susanna Moon

Chicago, June 4 - St. Barbara Ltd. said that holders exercised put options on A$20.75 million of its convertible notes, effective Friday.

The company has begun a compulsory redemption process to acquire the remaining convertibles with a face value of A$1.2 million, according to a company press release.

The company said on March 12 that it had repurchased a total of A$39.8 million of its convertible notes. Before that, the company bought back A$1.75 million of the notes for 99.7% of their face value on March 1 and A$38.05 million of the notes at par during the week of March 8.

St. Barbara is a Melbourne, Australia-based gold producer and mineral explorer.

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