A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years.
Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is convertible into common shares of the company at $1.75 per share.
The debenture had been convertible into common shares at $3.25 and carried an interest rate of 9% per annum.
The terms of the new arrangement are subject to regulatory approval.
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