St Andrew bonds

A renewal of an offer to exchange 5.75% convertible bonds into convertible preferred shares at a ratio of 2,940 preferred shares for each CHF (Swiss franc) 5000 bond, until Sept. 27, has been announced by St Andrew Goldfields (TSE). The same offer in July yielded CHF 11,870,000 principal amount of bonds in exchange for 6,979,560 convertible preferred shares.