Diamond Fields Re-Prices And Extends Convertible Debt

Diamond Fields International Ltd. (TSX:DFI) announced a re-pricing and one year extension of a convertible debenture in the principal amount of $151,357.

As quoted in the press release:

The Debenture has been extended to mature on September 27, 2013, with 8% interest payable semi-annually, and will be convertible into 1,513,570 Units at a reduced conversion price of $0.10 per Unit, each Unit comprising one common share and one-half transferable share purchase warrant (the “Debenture Warrant”), each whole Debenture Warrant being exercisable into one common share at an exercise price of $0.25 per share on or before September 27, 2013, so that a total of 756,785 common shares may be issued on exercise of the Debenture Warrant.

Click here to read the Diamond Fields International Ltd. (TSX:DFI) press release.