C7A 7.14% 1.3¢ clara resources australia ltd

Actually this is the 3rd conversion at $0.0009, so all up 222m...

  1. 921 Posts.
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    Actually this is the 3rd conversion at $0.0009, so all up 222m shares issued at 0.0009 for conversion of $200K.

    Just happend to be online this morning and noticed the announcement so took a minute to update the tracker:

    So far $1.8m has been converted in total, leaving $2.4m outstanding.

    $100K converted this time for 111m shares. Conversion price is effectively basing at $0.0009 now since the conversion price is 90% of the vwap and it cant really trade any lower than $0.001.

    We now have just over 2.8B shares on issue. If the remaining $2.4m ends up being converted at the same rate we are on track for total shares on issue to be 5.5B

    https://hotcopper.com.au/data/attachments/2108/2108471-70d32751ce92be8ffa6e52afcb7cc6b0.jpg
 
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