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Article: Alhambra Resources Ltd.: Debenture Refinancing.
- Article from:
- Marketwire Canada
- Article date:
- August 21, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Aug 21, 2009 (Marketwire via COMTEX) -- Alhambra Resources Ltd. ("Alhambra" or the "Corporation") (TSX VENTURE:ALH)(FRANKFURT:A4Y) announces that the holders of the twelve (12%) percent secured debentures of the Corporation (the "Debentures") due August 11, 2009, in the aggregate principal amount of $1,000,000, have agreed to extend the maturity date of the Debentures until August 11, 2010.
Due to the protracted legal proceedings in Kazakhstan and unfavorable economic and market conditions, the Corporation was unable to pay the principal amount and accrued interest in the amount of $1,125,200 on the maturity date of August 11, 2009.
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