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NZ Coastal Seafoods Clarifies Convertible Note Terms Amid ASX Scrutiny
7:03pm on Monday 2nd of June, 2025 AEST
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Seafood
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NZ Coastal Seafoods Clarifies Convertible Note Terms Amid ASX Scrutiny
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Convertible note subscription involves two lenders: Luke Mckensie and Tamari Gibbons
Issue price set at $1.00 per note with 12% annual interest upon redemption
Conversion price fixed at $0.006 per share (pre-consolidation basis)
Maturity of notes is 12 months from subscription date with no security provided
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