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Apollo Gold extends maturity of convertible debentures
By Devika Patel
Knoxville, Tenn., Feb. 19 - Apollo Gold Corp. said it has amended the maturity date of the unsecured convertible debentures due Feb. 23, 2009 that were sold to RAB Special Situations (Master) Fund Ltd. in a February 2007 private placement.
The maturity date was extended to Feb. 23, 2010.
Furthermore, RAB has agreed that the company may pay the $772,200 of interest on the debentures in either shares or cash. The interest will be paid at maturity.
Denver-based Apollo is a gold exploration company.
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