Minefinders Retires 2011 Convertible Notes
20 Dezembro 2011 - 3:14PM
Marketwired
(All figures are in United States dollars).
Minefinders Corporation Ltd. ("Minefinders" or the "Company")
(TSX:MFL)(NYSE Amex:MFN) announced today the full settlement of its
$52.1 million convertible notes (the "2011 Notes") in accordance
with their terms.
In settling the 2011 Notes, the Company issued 4,202,199 common
shares on the conversion of $45.72 million face value of the 2011
Notes. The remaining 2011 Notes with a face value of $6.34 million
were held to maturity and settled by a cash payment of $6.34
million in respect of the principal and $0.14 million in respect of
accrued interest.
The 2011 Notes, which were issued in October 2006 and matured on
December 15, 2011, had a face value of $52.1 million, an interest
rate of 4.5% and were convertible at the election of the holders a
rate of 91.9118 common shares per $1,000 principal amount of notes
equal to $10.88 per share.
About Minefinders
Minefinders is a precious metals mining and exploration company
and operates the Dolores gold and silver mine in Mexico. For more
information, please visit our website at www.minefinders.com.
Contacts: Minefinders Corporation Ltd. Jonathan Hackshaw
Director of Corporate Communications Toll Free: (866) 687-6263
Minefinders Corporation Ltd. Mike Wills Investors Relations
Representative Toll Free: (866) 687-6263www.minefinders.com
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