Ann: CYM: Paterson Copper Portfolio Acquisition & Capital Raising, page-17

You don't have to look very hard to find out for yourself, its on p14 of the presentation which is the subject of this announcement. I'll help you out on this occasion though

Terms of the notes:

• Convertible notes total A$36M
• 4-year maturity, coupon of 4% p.a. paid annually
• Conversion by Metals X at maturity into Cyprium shares priced at 1.3x Cyprium’s 20-day VWAP immediately prior to Completion
• Early redemption by Cyprium at each annual anniversary at 1.15x face value; Metals X retains right to convert instead of cash
• For every 5 Cyprium shares that could be issued on conversion of the Convertible Notes, Metals X shall be issued 2 free attaching Options
− First Option is exercisable for 1 year from Completion Date at a 15% premium to the Company’s 20-day VWAP prior to Completion
− Second Option is exercisable for 2 years from Completion Date at a 30% premium to the Company’s 20-day VWAP prior to Completion
− Options include a copper price participation mechanism