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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: CAUSSA CAPITAL CORPORATION
TSE SYMBOL: CAU
MARCH 20, 2000
Caussa Capital Corporation : Debentures Converted
TORONTO, ONTARIO--Caussa Capital Corporation is pleased to
announce that all the holders of Caussa's outstanding convertible
debentures, in the principal amount of $862,500, have elected to
convert their debentures into a total of 14,375,000 common shares
of Caussa effective March 17. As a result of the conversion
Caussa is now debt free, with an expanded equity base and an
enhanced working capital position.
In addition to its 66.7% ownership of the recently expanded
Barberton Gold (Pty) Ltd. gold recovery operation in South Africa,
Caussa also owns a 100% interest in the Witkrans diamond property,
also located in South Africa, where trial mining has recently
begun. Caussa continues to examine and evaluate other
opportunities in the resource and non-resource areas, particularly
in the technology sector.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Anthony D. de Werth, Chairman and CEO
Kenneth W. Johnson, President
Robert Yeoman, Vice President
(416) 861-9940
(416) 861-0057 (FAX)
Website: caussacapital.com
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN. |
