Investika plans to issue A$10 million 9.5% four-year unsecured convertible note

By Devika Patel

Knoxville, Tenn., Sept. 28 - Investika Ltd. said it plans to issue a A$10 million 9.5% four-year unsecured convertible note.

At the conversion date, the note must be converted into fully paid ordinary shares at a price per share which will be the lower of A$5.50 or 80% of the weighted average market price of Investika's stock on the conversion date.

Based in Sydney, Australia, Investika is a mineral exploration and development company.

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