CSS clean seas seafood limited

I'm a bit out of the loop, but re: the convertible note offering...

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    I'm a bit out of the loop, but re: the convertible note offering - that offer (and the details) are all still pending, correct?

    From the recent "cleansing prospectus" announcement (which was more related to the Bonafide private placement):

    "The Company also announced its plan to conduct a non-renounceable entitlement offer of convertible notes to be made to existing shareholders to raise up to approximately $15.3 million (Entitlement Offer). The convertible notes will be offered on a pro-rata basis to all qualifying shareholders, with key terms including interest payable at an annual rate of 8%, an 8% conversion discount and three-year term to maturity (Convertible Notes).

    The full details of the Entitlement Offer (including terms and conditions of the Convertible Notes) will be disclosed in a prospectus for the offer (Entitlement Offer Prospectus). The Company is targeting lodgement in September 2019 with offer closure expected by the end of October 2019. The actual timetable will be set out in the Entitlement Offer prospectus and is subject to ASX approval."

    Thanks. Oh and I just watched the "sensory fresh" video on Youtube, linked from the CSS presentation - now I want some sushi!
    Last edited by asparagii: 22/09/19
 
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