Pharma Investments, Ventures & Law Weekly
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Infinito Gold Ltd.
Infinito Completes $18,000,000 Convertible Note Financing To Fund Crucitas Development
September 21st, 2008
Infinito Gold Ltd. (the "Company") announces that it has completed the non-brokered private placement of an aggregate of CDN$18 million principal amount of convertible notes (the "Notes") with Exploram Enterprises Ltd. ("Exploram") and Auro Investments Ltd. ("Auro") announced on August 27, 2008. The Notes mature on August 29, 2013, bear interest at 11% per year, payable monthly, and are convertible at any time up to maturity into common shares of the Company at $0.635 per share. The Company has the right to prepay the Notes, in whole or in part, at any time after 30A months after their date of issue, subject to the holders' rights to convert before prepayment. The Notes include negative...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-21)
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