10% convertible note sold to Dempsey to fund projects, working capital
By Devika Patel
Knoxville, Tenn., March 17 - Cauldron Energy Ltd. said it has settled a private placement of convertible notes. The A$2 million offering was provided by investor Dempsey Resources Pty Ltd.
The 10% convertible note is due March 16, 2012. It is convertible into stock.
Proceeds will be used for existing projects and working capital.
Cauldron Energy is a West Perth, Australia, uranium exploration company.
| Issuer: | Cauldron Energy Ltd.
|
| Issue: | Convertible note
|
| Amount: | A$2 million
|
| Maturity: | March 16, 2012
|
| Coupon: | 10%
|
| Warrants: | No
|
| Investor: | Dempsey Resources Pty Ltd.
|
| Settlement date: | March 17
|
| Stock symbol: | Australia: CXU
|
| Stock price: | A$0.23 at close March 17
|
| Market capitalization: | A$20.41 million
|
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