ASIN AMG Asian American Medical Group Limited announced a private placement of 1,000,000 unsecured, non-transferable, un-quoted convertible notes at a face value of AUD 1 each for gross proceeds of AUD 1,000,000 on November 7, 2022. The notes have 6.35% interest rate. Interest capitalized and payable on conversion or redemption.
The notes have maturity of 12 months from issue. Maturity date may be extended by up to 12 months at election of noteholder. The notes convertible to shares at 120% of face value of notes (plus accrued interest) at a share issue price of 90.0% of 60-day VWAP of shares traded on ASX prior to conversion.
The transaction is subject to shareholder approval.
