'The Group holds a C$5,000,000 Note, which matures on 7 December...

'The Group holds a C$5,000,000 Note, which matures on 7 December 2020. Under the terms of Note, C$1,000,000 must be repaid
on the maturity date. The remaining C$4,000,000 may be converted into 108,000,000 shares at a deemed issue price of C$0.037 (A$0.039) per Share at the discretion of the noteholder, AIP Global Macro Fund L.P., on or before the maturity date. As at reporting date the Company’s share price was $0.007 (C$0.007). In the event the noteholder does not elect to convert its Note into shares in the Company, the Company will need to refinance or raise additional capital to repay the Note in full'


Have discussed this CR previously but nice of the company to acknowledge and not shy away from what is most likely on the cards. IMO a few queries likely prompted this additional info that was not in previous disclosures.

Black and white @Oscar09, how you going to spin it now?