CBH Resources calls 9.5% convertibles

New York, March 22 - CBH Resources Ltd. said it will redeem its 9.5% convertible notes due 2009 on April 23.

Holders will receive par of A$0.20 plus accrued interest from Jan. 1.

Up until April 23, investors can convert their notes into ordinary shares at the rate of four shares for five notes.

The notes become callable if CBH's stock trades above A$0.35 for 45 consecutive trading days.

CBH stock closed at A$0.505 on Thursday.

CBH issued 100.276 million of the notes in January 2005 via a rights offering.

CBH is a North Sydney, Australia-based base metal mining company.

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