CLZ has raised $4m with 160 CN's at $25k
They only convert to shares once redeemed and maintain face value of $25k if not redeemed by 2025 (June 30?)
So, if the holder of the CN/s don't redeem by the expiry date they maintain face value of $25 that must be returned to the holder.
So, if the$4m funds are used and then no conversions all $4m needs to be paid back therefore CN's are categorised as a Liability.
CLZ has raised $4m with 160 CN's at $25kThey only convert...
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