Crescent Gold Clears Debt Through Repayment and Redemption of Convertible Notes
March 08, 2010 7:57 PM
PERTH, WESTERN AUSTRALIA--(Marketwire - March 8, 2010) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Crescent Gold Limited (TSX: CRA)(ASX:CRE)(FRANKFURT:CRE5) announces today that it has extinguished the Company's A$5 million convertible notes through the repayment of A$4.5 million and the issue of A$0.5 million in Company shares to existing noteholders under the terms and conditions of the convertible notes.
The result of this transaction is that Crescent Gold maintains a strong, debt-free balance sheet.
Regards
Crescent Gold Limited
Mark Tory, CFO & Company Secretary
Additional information related to the Company is available for review at www.sedar.com or on the Company's website at www.crescentgold.com.
ABN 49 087 360 996
SHARE INFORMATION
ASX Share Price: A$0.165
Issued Shares: 620.0m
Market Cap: A$102.5m
Options unlisted: 37.4m
FULLY DILUTED BASIS
Shares: 657.4m
