C7A 0.00% 1.0¢ clara resources australia ltd

Ann: Quarterly Activities Report, page-101

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    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" 
 
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