Buffalo Coal: Buffalo Coal backtracks on convertibility into shares of Belvedere's loan

TSX-V- and JSE-listed Buffalo Coal has advised that the convertible loan facility it has in place with Belvedere Resources has been amended to remove the right of Belvedere, as lender, to convert amounts owing thereunder into shares in the capital of Buffalo. There is currently $27-million outstanding on the convertible loan, together with $270 175 in accrued interest.