ASX ReleaseConvertible Note Agreement • April 24th, 2017
Under the Agreement, up to 20,000,000 Convertible Notes will, subject to and conditional upon the receipt of Shareholder approval, be issued to the Noteholder to facilitate the conversion of a debt owing to the Noteholder of $232,011 provided under a working capital facility into equity in the Company, with each Convertible Note having a face value of $0.01 and being convertible into one Share and one Option exercisable at $0.02 each on or before the date that is 18 months from the issue date of the Options, to the Noteholder (and / or its nominee(s)).