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Gold/Mining/Energy : TVX Gold

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To: Charles P. Hubbard who wrote (860)5/10/2001 5:30:04 PM
From: Don Lloyd  Read Replies (1) of 905
 
siliconinvestor.com

"TVX Proposes Early Conversion of $250 Million Gold Linked Convertible Notes
TORONTO, May 10, 2001 (BUSINESS WIRE) -- TVX Gold announced today that the Board of Directors has approved the unanimous recommendation of the Special Committee proposing the issuance of approximately 321.5 million common shares upon the early conversion of the Company's $250 million gold linked convertible notes ("Notes"). Currently, TVX has approximately 35.7 million common shares outstanding whereas upon completion of the proposed transaction the Company will have approximately 357.2 million common shares outstanding. ..."

Regards, Don
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