MVP completes bond, warrant issue

Toronto-based junior MVP Capital (TSE) has issued $1 million in convertible bonds and warrants.

The bonds will have an interest rate of 10% per year payable semi-annually in cash or 14% per year payable semi-annually in MVP shares. In addition, subscribers to the issue received warrants to buy up to eight million MVP shares at 8 cents each and a total of 1.3 million Dundee-Palliser Resources (TSE) shares at 20 cents each, for three years

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