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News: TRY Magellan negotiates additional convertible debenture financing for $1.7 mln

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    10/03/16
    11:48
    Post #: 17236592

    March 9 (Reuters) - Magellan Minerals Ltd MNM.V :

    • Negotiates additional convertible debenture financing for $1,675,000
    • Says proceeds will be used by Magellan to fund working capital and to make

      the $855,000 payment to Troy Resources Ltd

    • Principal amount of debenture is convertible into Magellan shares at any time

      at option of anfield at conversion price of C$0.06 per share

    • * Further company coverage
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