”Eagle Mountain may repay all or part of the Principal and interest at any time prior to the maturity while the lender has the option to convert all or part of the Principal and interest into ordinary shares in the company at any time up until 90 days before maturity.Subject to shareholder approval, the conversion will be at a price being the greater of a 15% discount to the 15-day volume weighted average price of the company’s shares or a floor price of 14c.If any portion of the loan is unpaid or converted prior to the day which is 90 days before maturity, the company may either repay the balance in cash or require conversion at a 12% discount to the VWAP.”
EM2 Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
