Caldera Resources Inc

Gold - Diamond - PGM projects in Australia & Albania.

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Message: Caldera closes first tranche of debenture financing - 2008-12-24

Caldera closes first tranche of debenture financing - 2008-12-24

posted on Jan 30, 2009 11:23AM

Caldera closes first tranche of debenture financing

2008-12-24 14:50 ET - News Release

Mr. Bill Mavridis reports

CALDERA RESOURCES ANNOUNCES 1ST TRANCHE CLOSING OF ITS PRIVATE PLACEMENT

Caldera Resources Inc. has completed the first tranche of its non-brokered private placement which was approved by shareholders of the corporation at the annual general meeting on Dec. 4, 2008 (see news in Stockwatch dated Dec. 5, 2008). The private placement will result in a total issuance of up to 300 A units priced at $800 per unit and up to 400 B units priced at $450 per unit.

A units comprise a $1,000 principal amount of zero coupon convertible debentures maturing in two years and 25,000 warrants exercisable at five cents per share expiring two years from the closing. The yield of the debenture is 11.8 per cent, when held to maturity. The debenture can be converted at any time by the holder at two cents per share, or 50,000 shares per $1,000 face value of debentures.

B units comprise 30,000 common shares at 1.5 cents per share and 15,000 warrants exercisable at five cents per share expiring two years from the closing. All common stock issued under this financing is subject to a four-month hold.

A total of 100 A units and 46 B units were subscribed for by two insiders of the corporation, for gross proceeds of $100,700. The proceeds will be used to finance the corporation's exploration projects and for general working capital purposes. There were no finders' fees associated with this private placement. Additional closings are anticipated early in the new year.

Hg

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