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Gold/Mining/Energy : TVX Gold -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (802)	3/29/2001 10:18:56 PM
From: baystock	Read Replies (1) \| Respond to of 905

Found this on the Yahoo message board: Conversion Right: Holders of the Notes will have the right to elect to convert each U.S. $1,000 principal amount of the Notes into that number of common shares of TVX equal to the Dollar Conversion Value divided by the TVX Share Price (the ‘‘Conversion Entitlement’’). The election to convert may be made at any time after the day which is 80 days maturity and before the day which is 48 days prior to maturity (the ‘‘Final Election Date’’), with delivery to be made at maturity. If any holder of the Notes has not elected to convert prior to the Final Election Date and the Conversion Entitlement exceeds the Maturity Value, the Trustee under the Note Indenture pursuant to which the Notes will be issued will have the right to make such election on behalf of such holder. Any accrued and unpaid interest will be paid in cash. Where the right to convert has been exercised, TVX may, at its option, not more than seven days after the Final Election Date, give notice that it will satisfy all or part of the Conversion Entitlement by a payment in cash equal to the Dollar Conversion Value. *** HERE IS THE IMPORTANT PART *** Repayment at Maturity: At maturity and provided that the right to convert has NOT been exercised, TVX will repay the Notes at their principal amount (the ‘‘Maturity Value’’), plus accrued and unpaid interest. Alternatively, TVX may, at its option not more than seven days after the Final Election Date give notice that it will satisfy all or part of the Maturity Value by delivering to holders of the Notes that number of common shares of TVX equal to the Maturity Value divided by the TVX Share Price. sedar.com