PSL information, page-22

@goldfinger always good to ask questions if unsure.

Technically they only own convertable notes, which they paid $150,000 to the company to purchase them. The reason : Funds raised from the issue of the Convertible Notes will be used to provide the Company with general working capital, as well as funding exploration activities on the Company’s current projects and corporate administration and management. The issue of the Convertible Notes was approved by shareholders at the AGM held 9 December 2019. Refer to Notice of Meeting lodged with ASX on 5 November 2019 (Resolution 8). 08-01-2020 Announcement Appendix 3B.

Those note will be converted over to shares once the 12 months is up.


My comments/posts are based completely on my own experience thoughts and interpretation along with my current financial position at the time.
Conduct your own due diligence, consult a licensed financial advisor or broker before making all investment decisions. As usual, all constructive criticism welcomed. Good luck to all that hold.