Tartana Minerals (ASX: TAT) agreed with an investor to lapse 500,000 convertible notes, due for redemption on March 5, without conversion, according to a March 7 filing with the Australian bourse.
The AU$500,000 principal will be converted into an unsecured cash advance, bearing 15% annual interest, paid monthly, the filing said.
The company will seek shareholder approval at its next general meeting to issue new convertible notes for the outstanding balance, also at 15% interest, convertible into equity at AU$0.10 per share with a 12-month maturity, the filing added.
If approval is not granted, the investor may demand repayment in cash, per the filing.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。