AUZ 0.00% 0.9¢ australian mines limited

Ann: AUZ secures $12 million investment from US fund, page-13

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    "Minimising dilution. The conversion price of the Convertible Notes will be at 90% of the average of five daily volume-weighted average prices (“VWAPs” of the Company’s shares during a specified period immediately prior to the date of issuance of the shares on conversion."

    Yuck. Convertible notes without a set floor very, very rarely end well. Bergen have a history of being crafty too... Unlikely to 'minimise dilution' sorry guys and gals.
 
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