EagleView will invest A$6m by way of unsecured, interest free convertible notes (“Notes”). The Notes have a face value of A$0.06 each and convert into 100,045,583 ordinary shares in Spookfish (“Shares”), representing a 10% interest, on the delivery by Spookfish of a capture system that meets agreed specifications. The funds raised will be used for the purposes of research and development of capture systems for EagleView in North America. A summary of the material terms of the Notes are attached
That doesn't solve there Australian funding problem...
