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Ore Holdings Approves Debt-for-Equity Exchange

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posted:11/12/2013
language:Japanese
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Description: NEW YORK--(BUSINESS WIRE)--Ore Holdings, Inc. (OTC: ORXE.PK) today announced that its board of directors, following an evaluation of strategic alternatives, has approved an agreement under which the company will issue newly created convertible preferred shares to Steel Partners, Ltd., in exchange for the cancellation of a 12% secured promissory note, pursuant to an exchange proposal made by privately-held Steel Partners, Ltd. Principal, plus accrued but unpaid interest, on the promissory note c
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