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| | Wed Jan 20, 2010
Prize Mining Announces Conversion of Debenture
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| | CALGARY, ALBERTA- Prize Mining Corp. (TSXV: PRZ) is pleased to announce that its non-interest bearing convertible debenture, as reflected in the company's balance sheet (originally sold on January 22, 2005 for the principal amount of CDN$1,150,000) has been settled. The debenture, originally set to mature on January 22, 2010, has been converted to 1,462,174 units of Prize Mining, each consisting of one share and one share purchase warrant as per the original agreement announced in the press release dated January 25, 2005.
About Prize Mining
Prize Mining Corporation (TSXV: PRZ) is dedicated to the exploration, discovery and development of precious metal deposits. Prize is exploring for gold in the Atlin area of northwestern British Columbia, Canada and for nickel-copper-palladium and platinum on the Muskox Layered Intrusion in Nunavut, Arctic Canada.
ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION
"Jim Glass"
President & CEO
For further information, contact Jamie Mathers, Investor Relations
Phone: 604-684-4743 ext 236
Toll Free: 1-866-684-4743 ext. 236
Email: info@prizemining.com
Website: http://www.prizemining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next News Releases item: Fri Jan 29, 2010, Eagle Plains & Prize Mining Announce Filing of NI 43-101 Compliant Technical Report on the Yellowjacket Project
You can view the Previous News Releases item: Mon Nov 9, 2009, Joint News Release: Taku River Tlingit First Nation, Eagle Plains and Prize Mining Sign Impact & Benefit Agreement for Yellowjacket Gold Project
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