Ann: Algae.Tec Secures Funding to Fast Track Developments, page-10

$10m CR is for the spin off:
As part of the proposed spin-off of AEB’s medical cannabis assets, AEB will be required to contribute further funds to earn its interest in Auberna...The parties to the Heads of Agreement...

In the meantime they have done a $7m finance facility = convertible notes (read the first dot point)
I understand your confusion and IMO its pretty typical of AEB style.
Methinks something to do with smoke and mirrors