qtrly ammendment out to asx, page-7

The capital raising will raise up to A$35 million through a staged securities
placement to Dubai Group. Initially a placement of 50 million shares at A$ 0.20 per
share (A$10 Million) will be carried out followed by a Convertible Loan at a 9% p.a.
interest rate that is convertible into shares of the Company at A$ 0.26 per share
within a 2.5 year term (A$15 Million), and options to acquire Citigold shares
exercisable at A$ 0.26 per share within 2.5 years (A$10 Million).


Just pulled this from their announcement in September. I read it that an interest component is to be paid and the debt (principal) can be converted into shares issued to the Dubai Group.