By Devika Patel
Knoxville, Tenn., Dec. 4 - Adamus Resources Ltd. said it arranged a A$5 million convertible loan facility with Macquarie Bank Ltd.
The loan matures Nov. 28, 2010. It bears interest at 4% above the bank bill swap bid rate as quoted on Reuters page BBSY.
Proceeds will be used for working capital.
Adamus is a mineral exploration company based in Perth, Australia.
| Issuer: | Adamus Resources Ltd.
|
| Issue: | Convertible loan
|
| Amount: | A$5 million
|
| Maturity: | Nov. 28, 2010
|
| Coupon: | 4% above the bank bill swap bid rate
|
| Price: | Par
|
| Yield: | 4% above the bank bill swap bid rate
|
| Warrants: | No
|
| Investor: | Macquarie Bank Ltd.
|
| Pricing date: | Dec. 4
|
| Stock symbol: | Australia: ADU
|
| Stock price: | A$0.20 at close Dec. 4
|
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