BRIEF-Copper Lake announces convertible debenture private placement financing

Tue Apr 12, 2016 5:13pm EDT
 
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April 12 (Reuters) -

* Copper lake resources ltd says debentures will have a term of five years from date of issue and will bear interest at 12% per annum

* Copper lake resources ltd says debentures will be convertible into units at rate of $0.05 per unit for first year, and at $0.10 per unit thereafter Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)