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| Home : Greenstone Resources L.P. Subscribes for US$5.1 Million First Tranche of Convertible Debenture of Coro |
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Aug 11
2015 |
Greenstone Resources L.P. Subscribes for US$5.1 Million First Tranche of Convertible Debenture of Coro |
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ST. PETER PORT, GUERNSEY--(Marketwired - Aug. 10, 2015) - Further to a subscription agreement signed on June 16, 2015 ("Subscription Agreement") with Coro Mining Corp. ("Coro"), Greenstone Resources L.P. ("Greenstone") is pleased to announce that it has subscribed for the first tranche (US$5.1 million) of a convertible debenture which forms part of a larger ~US$9.0 million combined convertible debenture (aggregate US$6.5 million) and equity financing (~US$2.5 million). The Subscription Agreement contemplates Greenstone subscribing for a second tranche of the convertible debenture, having a principal amount of US$1.4 million ("second tranche" and, together with the first tranche, the "Convertible Debenture"), and 79,800,000 common shares of Coro ("Equity Offering"), subject to satisfaction of certain conditions precedent. |
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| Source:http://www.marketwired.com/mw/release.do?id=2046380&sourceType=3 |
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