April 19 (Reuters) - Inca One Gold Corp IO.V :
* Inca One Gold Corp announces debt restructuring and
USD$3.0 million convertible debenture offering
* Negotiated preliminary terms and signed commitment letters
with majority of company's lenders
* Approximately 50 pct of debts will be converted to common
shares at CAD$0.11 per share
* Approximately 30 pct of debts will be canceled and
re-issued into new convertible debentures
* Restructuring will not result in creation of a new
"control person"
* Signed commitment letters with lenders to convert or
restructure about $10.0 million USD equivalent of current and
long-term debts
* About 20 pct debts to be converted to contingent debts
payable on some performance metrics being met by co, or warrant
deposit held by co
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