OGX orinoco gold limited

Ann: FUNDING OF UP TO A$8M SECURED VIA CONVERTIBLE NOTE ISSUE, page-5

  1. 2,527 Posts.
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    I laugh at how they say the notes will bear no interest, but they are required to pay 15% over face value after twelve months. (Like a zero coupon bond I guess).
    Conversion scheme is an unusual one.

    Pretty gutsy by the investor either way IMO.
 
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