San Gold Corp. will list $50-million principal amount of 8-per-cent convertible unsecured subordinated debentures due March 31, 2018, on the Toronto Stock Exchange at the open on Wednesday, March 6, 2013, according to the TSX. As in a Feb. 27, 2013, short form prospectus, San Gold plans to sell $50-million worth of the debentures in $1,000 principal amounts. It has granted the underwriters an overallotment option to buy up to another $7.5-million of the debentures for 30 days from the closing of the offering. The debentures will pay interest semi-annually, in arrears, on March 31 and Sept. 30 in each year, beginning on Sept. 30, 2013. The company expects the first interest payment to be $45.58904 per $1,000 principal amount based on a March 6, 2013, closing date. The conversion price of the debentures is 50 cents per share, which represents 2,000 shares for every $1,000 principal amount. The company plans to use the money raised to develop its mineral properties and for general working capital.