re: Ann: Aurox to amend terms of note to perm... My understanding of the prospectus is they are convertible redeemable notes which can be converted 1 for 1 any time up until 30 June 10.
If the project does get banking finance which is secured over the company's assets this will reduce the ST risk to noteholders who hold out. No finance is a bigger risk to noteholders who don't convert early.
Ann: Aurox to amend terms of note to permit early, page-11
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