a lot of hope to survive on the convertible notes... BUT If converted, the convertible notes will convert into Shares at a conversion price equal to the lower of (i)the 10-day VWAP of White Rock's shares prior to the closing of the Proposed Funding Facility and (ii) a 5% discountto the lowest daily VWAP of White Rock's shares in the 10 days prior to a conversion notice being given in respect ofthe convertible notes, subject to a floor price of A$0.15 (15 cents).
a lot of lipstick needed....
WRM Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
