Capital watch: Caledon, Venturex, Range River and Sihayo

CALEDON Resources says it has placed £4.2 million ($A7.4 million) worth of £50,000 convertible notes with a group of investors which includes existing substantial Caledon shareholder Polo Resources.

Capital watch: Caledon, Venturex, Range River and Sihayo Capital watch: Caledon, Venturex, Range River and Sihayo Capital watch: Caledon, Venturex, Range River and Sihayo Capital watch: Caledon, Venturex, Range River and Sihayo Capital watch: Caledon, Venturex, Range River and Sihayo

The unsecured notes carry an 8.5% interest rate and are convertible at 47.5p – a significant premium to the company’s current trading value on London’s AIM exchange of 37.5p.

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