C7A 23.5% 1.3¢ clara resources australia ltd

Ann: Quarterly Activities Report, page-101

  1. 7,124 Posts.
    lightbulb Created with Sketch. 595
    ASX ann. 20/4/18
    New $2.5m Funding package.

    "For the 1st 10 months of the CSFA Lind may elect to convert any outstanding amount into ordinary shares in ANW at $0.035 per share. For months 11-24, Lind may convert any outstanding amounts into ordinary shares in ANW at the lesser of $0.035 per share and 90% of the average of 5 consecutive daily VWAPs, chosen by Lind from amongst the 20 days prior to conversion".

    http://www.austinmining.com.au/site/PDF/1655_2/Executionof25mFundingPackageTransaction

    So 10 months after April 20 is February 20, not March 20.
    And 20 days prior to conversion [Feb 20]  Lind, come Feb 20, can convert to shares at 90% of the average of 5 days starting from yesterday Feb the 1st.
    "Correct me if I'm wrong please" 
 
watchlist Created with Sketch. Add C7A (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
-0.004(23.5%)
Mkt cap ! $2.601M
Open High Low Value Volume
1.7¢ 1.7¢ 1.3¢ $14.24K 950.5K

Buyers (Bids)

No. Vol. Price($)
3 414237 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 59802 1
View Market Depth
Last trade - 15.51pm 18/07/2024 (20 minute delay) ?
C7A (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.