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| Home : Cobalt Coal Ltd. Announces the Closing of First Tranche of Private Placement of Convertible Debentures |
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Apr 17
2012 |
Cobalt Coal Ltd. Announces the Closing of First Tranche of Private Placement of Convertible Debentures |
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CALGARY, ALBERTA--(Marketwire - April 16, 2012) - Cobalt Coal Ltd. (formerly Cobalt Coal Corp.) (TSX VENTURE:CCF) ("Cobalt" or the "Corporation") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering"). Cobalt issued $300,000 principal amount of unsecured, convertible, redeemable debentures which bear interest at a rate of 12% per annum payable upon maturity (the "Debentures") at a price of $1.00 per $1.00 principal amount of Debenture for gross proceeds of $300,000. |
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| Source:http://www.marketwire.com/mw/release.do?id=1644491&sourceType=3 |
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