No the TIRN's are not convertible notes, they are just TIR's with a deferred settlement, they are the stock being issued to the people that have taken up the TIRR's (rights issue)
For all intents and purposes the TIR's and TIRN's are the same except one sttles T+3 and the other settles on the 18th of Feb and will then disappear because they will then become TIR's.
The TIRN's are the result of people paying the 3c on their rights take up.
Make sense?
TIR
titan resources limited
does tirn cost extra at settlement?, page-2
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