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SAVANNAH GOLDFIELDS LIMITED — Capital/Financing Update 2011
Mar 31, 2011
65880_rns_2011-03-31_6b42ef40-08fe-4f47-8371-bb670f5cb52b.pdf
Capital/Financing Update
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RENISON CONSOLIDATED MINES NL
ACN 003 049 714
Mail Address GPO Box 5268 Brisbane Qld 4001
Level 5, Santos House Phone: (07) 3303 0630 60 Edward Street Fax: (07) 3303 0601 Brisbane Qld 4000 Email: [email protected]
ASX ANNOUNCEMENT
1 April 2011
March 2012 Convertible Note Interest Payment
Renison Consolidated Mines NL advises that, in relation to the interest on the March 2012 Convertible Notes for the period from 1 October 2010 to 31 March 2011, the company will be paying the interest by the issue of fully paid ordinary shares.
In accordance with the terms and conditions of the notes the company has the option to pay the interest owing by the issue of ordinary shares in Renison at a rate calculated as the 10 day volume weighted average price of the ordinary shares discounted by 10%.
For the 10 day period up to and including 31 March 2011 the discounted vwap is $0.0036.
For each note held at the record date interest of 1.98 cents is payable which in accordance with the terms and conditions converts to 5.50 shares per note.
JPK Marshall Company Secretary
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