SCHEDULE 1 – Terms and Conditions of Convertible Notes:
9. RedemptionAny Convertible Note not converted by the Maturity Date must be redeemed by the Company at the Face Value.
IMO:
Effectively a CAN’T LOSE for the purchaser of the CN’s and an absolute disaster for CLZ and the shareholders in every situation.
A truly DESPERATE act by CLZ!!!
Ann: Classic Strikes Vital Processing Water In First Drill hole, page-25
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