CBH buying back 7.25% unsecured convertible notes due 2012

By Devika Patel

Knoxville, Tenn., Oct. 23 - CBH Resources Ltd. announced that it is buying back and cancelling its 7.25% unsecured convertible notes due May 2012.

The company has thus far acquired 47,466 notes, with a total face value of A$47.47 million. The notes were bought back for A$13.07 million, and the company expects to save A$3.44 million in interest as a result of this buyback.

The company originally issued A$200 million of the notes in May 2007.

CBH is a North Sydney, Australia-based base metal mining company.

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