Hi Mak, I found this info from Silverstreams web site in which matchbox refers to. Nothing mentioned about convertible notes.
SilverStream has the right to purchase 100% of the Silver (up to 90,000 oz. per year and 50% thereafter) produced from the San Santiago Mill and the significant land package that encompass the San Santiago assets. The land package acquired as part of the transaction encompass three producing mines with highly prospective high grade structures. SilverStream has remitted an upfront payment of US$3.0M and will maintain the right to purchase the silver produced from the project for $6.00 per oz. and upholds this right for fifteen years. SilverStream will provide an additional US$1.5 in financing when Minera receives a permit to double production at San Santiago.
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