Published on 5/8/2006 in the Prospect News PIPE Daily.
New Issue: East Delta concludes €1 million private placement of debentures
By Sheri Kasprzak
New York, May 8 - East Delta Resources Corp. has settled a €1 million private placement of convertible debentures.
The 6% debentures are due March 31, 2008 and are convertible into common shares at €0.80 each.
Montreal-based East Delta is a precious metals exploration company.
| Issuer: | East Delta Resources Corp.
|
| Issue: | Convertible debentures
|
| Amount: | €1 million
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| Maturity: | March 31, 2008
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Conversion price: | €0.80
|
| Warrants: | No
|
| Settlement date: | May 2
|
| Stock symbol: | Frankfurt: EJK
|
| Stock price: | €0.60 at close May 2
|
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