The rights issue and the $50k/$25k are entirely separate. The loans haven't yet been converted to shares because they are still pending shareholder approval.
Each 3Y has 2 relevant parts, change of interest in securities and change of interest in contracts.
The shares issued in these 3Ys are director takeup in the rights issue.
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- Ann: Change of Director's Interest Notice x 3
Ann: Change of Director's Interest Notice x 3, page-19
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