Blackstone Resources AG (SWX: BLS) has entered a convertible loan facility agreement for up to CHF 20 million valid for three years. The convertible loan has a zero percent coupon and can be divided between various noteholders. Any conversion into equity is not possible for the first 120 days after payment of the notes and this can be extended if requested by the company. The first CHF 2 million convertible loans has been purchased and have already been paid by two investors. Additional draw down can be done when requested by Blackstone and agreed with the investors. At the time
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