finally funding announced for goa, page-2

This is the best part

The conversion price will be determined by dividing the relevant amount to be converted by 90% of the average of three daily volume weighted average prices ("VWAPs") during a specified period prior to the conversion notice date of the Convertible Security. Alternatively, the conversion price in respect of no more than $2,500,000 of the Convertible Securities may be equal to 130% of the average of the VWAPs during the 20 trading days prior to the date of execution of the Agreement.

This allows the Company to potentially issue new shares at prices that are linked to the market prices prevailing at the time (i.e. potentially at a premium to the current share price) and minimise the dilution for its shareholders.

Bergen has agreed to certain limitations on its ability to sell shares on the ASX on conversion of the Convertible Securities.

Finally the silence is broken