March 9 (Reuters) - Magellan Minerals Ltd MNM.V :
* Negotiates additional convertible debenture financing for $1,675,000
* Says proceeds will be used by Magellan to fund working capital and to make
the $855,000 payment to Troy Resources Ltd
* Principal amount of debenture is convertible into Magellan shares at any time
at option of anfield at conversion price of C$0.06 per share
* Source text for Eikon
* Further company coverage MNM.V