not having a go but if the notes were for a director it may be ok, they were converted at 1.4c so 46 mill as per the 3b
650,000 convertible notes have been provided to the company with a face value of $1.00 each. The principal amount advanced to the Company under the Debt Facility together with any accrued interest is repayable by 1 September 2017 (Maturity Date). Funds advanced under the Debt Facility accrue interest at 8% per annum. The convertible notes will convert into Shares at the convertibility date, at a price that is a 30% discount to the issue price of the Shares offered under the Rights Issue, being $0.02 per Share on a post consolidation basis. Subsequent to the quarter, on 25 July 2017 the convertible notes were converted into ordinary shares.
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