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$1.65mil convertable note ? The Convertible Notes are...

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    $1.65mil convertable note ?

    The Convertible Notes are convertible into Shares based on the conversion formula set out in Schedule 1. The number of Shares issued on conversion will therefore depend on the selected volume weighted average prices (VWAP) for Shares as at the date of conversion. Assuming that all Convertible Notes were converted in accordance with the conversion price at 90% of $0.060 (the closing price of Shares on 10 April 2019 used for indicative purposes only), then the number of Shares issued on conversion would be 33,712,963 (exclusive of any Shares that could be issued on conversion of any accrued but unpaid interest).
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