* Reports debenture conversion
* Says unsecured debenture placed with a director has been converted into 2
million shares at C$0.05 per share
* Says shareholders to vote on approval of private equity placement of up to
$25 million
* Says it is expected that Zaruma Gold Mining Ltd would subscribe for $20
million of private placement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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