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SIGNS OF LIFE, page-558

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nickyp71

157 Posts.

36

26/02/24

11:16

Post #: 72594331
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Originally posted by Unifollower: ↑

In February 2022, following receipt of the first tranche of $2,000,000 excluding transaction costs of $9,000, a note
with a face value of $2,120,000 maturing January 2024 was issued.
The note is convertible at NTCG’s election into ordinary shares on the following terms: the issue price of the
Subscription Shares will initially be equal to A$0.034 each,
Linius will also have the right (but not the obligation) to forego issuing Shares following NTCG’s request for issue and
instead opt to repay the subscription amount by making a payment to NTCG equal to the market value of the Shares
that would have otherwise been issued.

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LNU Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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