Nah, thats a 24 month convertible... no shares up front so they haven't go anything yet.
Total funding up to $3.25 million, including an initial $1.0 million investment funded within five business days subject to all conditions precedent having been met, and two further investments of $0.25 million and $2.0 million respectively, subject to certain conditions having been met;
24 month term with Face Value of 120 percent of amount advanced (equivalent to 10%pa);
Lind may elect to convert any outstanding amounts into ordinary shares in Aus Tin Mining Limited at the lesser of 1.6 cents per share or 90 percent of the average of five (5) consecutive daily VWAP within a 20 day period prior to conversion;
and Company may elect to buy‐back any outstanding amounts at no premium or penalty
