I just read the prospectus again and the company can redeem the notes but only if the 20 day VWAP share price is over 9.999c! As you point out they convert on 20 June 2022.
"The Notes will not be redeemable by the Company before 20 June 2019. On and after 20 June 2019, and provided the VWAP traded on ASX for the 20 consecutive trading days preceding the date on which the notice of redemption is given is not less than 300% of the Conversion Price, the Notes may be redeemed in whole or in part by the Company on not more than 60 days and not less than 30 days prior notice at A$100 for each Note held, plus accrued and unpaid Interest." (p27)
Conversion Price A$0.03333 per Share.
https://www.hotchili.net.au/wp-content/uploads/2020/05/Hot-Chili-ASX-announcementprospectus20062017-1.pdf
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I just read the prospectus again and the company can redeem the...
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