StockMarketWire.com - Ascot Mining has issued $500,000 of unsecured convertible bonds with a final redemption date of 12 July 2013 to Terra Equity.
The bonds are convertible into ordinary shares at $0.25 apiece and carry an interest rate of 9.75% per annum.
The bonds also confer 2,000,000 warrants over Ascot's ordinary shares to Terra which are exercisable for a period of 24 months at an exercise price of $0.25.
Story provided by StockMarketWire.com
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