09:55 AM EST - Duluth Metals Limited : announced that the Company has closed its previously announced convertible debenture financing with purchasers including CEF (Capital Markets) Limited for $30 Million aggregate principal amount of unsecured convertible debentures of Duluth Metals. The debentures mature April 10, 2018 and bear interest at an annual rate of 7.5%. The debentures are convertible into common shares of the Company at a conversion price based on a 30% premium to the 20 day volume-weighted average price (VWAP) of the common shares at the close of trading on March 28, 2013. The 20 day VWAP is $1.74 and the conversion price is $2.26. Duluth Metals Limited
shares T.DM are trading up $0.02 at $1.51.
