Caussa Capital Corporation: Debentures Converted.Business Editors TORONTO--(BUSINESS WIRE)--March 20, 2000 Caussa Capital Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CAU (Controlled Access Unit) An intelligent hub from IBM for Token Ring networks. Failed nodes are identified by the hub and reported via IBM's LAN Network Manager software. .) is pleased to announce that all the holders of Caussa's outstanding convertible debentures Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. , 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 South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S 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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