RE: Open question17 Jan 2022 13:48
A Reminder for those not acquainted..
The CLN will attract interest of 10% per annum, payable upon maturity or rolled-up upon conversion to equity. The CLN shall be redeemed at the principal amount on the 24-month anniversary falling from the date of issue unless converted or redeemed earlier following one of the events listed below, at which point all outstanding notes shall automatically convert into fully paid ordinary shares of CiiTECH at a 20% discount to any issue or conversion price as follows:
a) at an eligible fundraising;
b) on maturity;
c) on a change of control;
d) on an asset sale; or
e) on a Listing, on a market operated by the London Stock Exchange, or a recognised investment exchange.