BlackGold Natural Resources Limited (Catalist:41H) announced that it has signed three separate convertible bond subscription agreements with the subscribers, Atrium Asia Capital Partners, Jinzhou Business Investment and Kingpin Investment Pte Ltd to issue convertible bonds for gross proceeds of SGD 25,000,000 on January 30, 2020. The company will issue shares in two tranches, namely series A bonds and series B bonds. The first tranche will include participation from Jinzhou Business Investment for SGD 3,000,000, Atrium Asia Capital Partners and Atrium Asia Capital Partners for SGD 1,000,000 each; for an aggregate gross proceeds of SGD 5,000,000. The second tranche will include participation from Jinzhou Business Investment for SGD 12,000,000, Atrium Asia Capital Partners and Atrium Asia Capital Partners for SGD 4,000,000 each; for an aggregate gross proceeds of SGD 20,000,000. The series A and series B bonds may be converted into duly authorized, validly issued, fully paid and unencumbered new shares. The series A and series B bonds have conversion price of SGD 0.015 and will be convertible into up to 1,666,666,666 new shares. The bonds are interest-free and are redeemable. The maturity date of the bonds is 36 months from the date of issue.