The deal is convertible note with free attaching listed options...

The deal is convertible note with free attaching listed options to raise up to $3.5m

convertible note terms are:
Conversion price - 3.5c at any time at the election of the noteholder
Interest rate - 12% pa, paid quarterly
Maturity- note repayable in cash at maturity date, maturity is 12 months from date of issue, estimated expiry would be dec 2023

Note holders will receive 12 listed options, ASROB per $1 of notes invested.

Watch the CR participants now dump the free ASROB’s and hold onto the convetible note. This will have a strain on the options.
So we will see 42m ASROB’s issued under this convertible note deal, assuming they raise $3.5m

Not a great deal as far as massive dilution goes for existing shareholders!