Siberian Mining adjusts conversion price for 2013 convertible notes

By Sarah Lizee

Olympia, Wash., April 23 – Siberian Mining Group Co. Ltd. announced an adjustment to the conversion price of its convertible notes.

The conversion price will be adjusted to HK$480.00 per conversion share from HK$48.00 per conversion share from April 24 a result of the completion of a share consolidation.

The convertibles were issued on April 3, 2013.

Siberian Mining engages in trading of gasoline and related petroleum products and offers related services. It is based in Hong Kong.

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