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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Leroyt who wrote (2245)	7/14/1998 3:45:00 PM
From: Ditchdigger	Respond to of 3817

Also,for what it's worth,I was able to locate an example of a convertible equity credit facility with "draw down". "THERMO TECH(TM) TECHNOLOGIES INC. (the ''Company'') announced today that based on the strength of its anticipated cash flow from both the Hamilton Bio Conversion and Richmond Bio Conversion facilities, the Board of Directors has elected to terminate its dependency on the equity credit line established this past Fall. The credit line was structured as a convertible debenture financing facility, whereby Thermo Tech(TM) could draw down needed capital by issuing its private investors a debenture convertible into common shares of the Company's stock and valued at a discount to the current market price." biz.yahoo.com More detailed and complete terms. fast.quote.com For informational and learning purposes only..DD