BRIEF-Katanga announces exchange of $265.3 mln mandatory convertible facility

June 2 (Reuters) - Katanga Mining Ltd:

* Announces exchange of US$265.3 million mandatory convertible facility

* Says as at today, the total amount outstanding under the facility was $270.2

million

* Says in connection with the exchange has issued an additional 971,023,329

common shares

* Says following issuance, company has no further obligations to the lenders

under the facility

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