30.12.2010 00:03 BRIEF-Crowflight to issue 58.4 mln shares for partial debenture conversion Dec 29 (Reuters) - Crowflight Minerals Inc:
* To issue 58.4 million shares for partial debenture conversion
* Elected to convert $2,617,288 of its outstanding convertible debentures into
58,356,471 common shares
* Says king place now owns a total of 305,386,442 common shares
* Says king place also holds a total of 50,588,235 warrants of the company
* After this conversion, king place continues to hold $20,432,712 principal
amount of convertible debentures
* Says conversion at a price of $0.04485 per share
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