By Sheri Kasprzak
New York, Nov. 14 - Bullion River Gold Corp. concluded a private placement of unsecured convertible debentures for $2,861,000.
The 12% debentures are due Oct. 1, 2008 and are convertible into common shares at $0.75 each.
The investors include 4P Management Partners SA; Abundance Partners LP; AU Capital, LP; Bank Sal. Oppenheimer Jr. & Cie (Schwiz) AG; Steven Bommarito; Cyrus Capital Investment Corp.; Gerbino Gold Group, LLC; Goldberg Partners, LP; Mitchell Golden; Alfred Haber; Angela Hockwimmer; Engelbert Hoermannsdorfer; Susan Jeffs; Michael P. Marcus; Edward Newman; Sandra Proshan; John Schneller; Susanne Schoen; Robert A. Shaya; Richard Steinberg; and Peter-Paul Stengel.
The investors received warrants for 3,814,673 shares, exercisable at $1.00 each for two years.
Based in Reno, Nev., Bullion River is a gold exploration company.
| Issuer: | Bullion River Gold Corp.
|
| Issue: | Unsecured convertible debentures
|
| Amount: | $2,861,000
|
| Maturity: | Oct. 1, 2008
|
| Coupon: | 12%
|
| Price: | Par
|
| Yield: | 12%
|
| Conversion price: | $0.75
|
| Warrants: | For 3,814,673 shares
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.00
|
| Investors: | 4P Management Partners SA; Abundance Partners LP; AU Capital, LP; Bank Sal. Oppenheimer Jr. & Cie (Schwiz) AG; Steven Bommarito; Cyrus Capital Investment Corp.; Gerbino Gold Group, LLC; Goldberg Partners, LP; Mitchell Golden; Alfred Haber; Angela Hockwimmer; Engelbert Hoermannsdorfer; Susan Jeffs; Michael P. Marcus; Edward Newman; Sandra Proshan; John Schneller; Susanne Schoen; Robert A. Shaya; Richard Steinberg; and Peter-Paul Stengel
|
| Settlement date: | Nov. 8
|
| Stock symbol: | OTCBB: BLRV
|
| Stock price: | $0.93 at close Nov. 8
|
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