Wilco debenture deal

Wilco Mining has issued a convertible note to Deak Ariadne Ltd. which raised $1.1 million. The funds will be used to purchase 400,000 shares of Seadrift International Explorations which is drilling the Aldermac base metals project near Rouyn, Que. The note is convertible, at Deak’s option, into Wilco common shares at 79 cents per share.