Fiji Kava Limited (AU:CCO) has released an update.
The Calmer Co. International Limited has issued loan notes amounting to $650,000 to replace its Convertible Notes, following a breach of Listing Rule 7.1 due to an excess issuance of shares upon conversion. The new loan notes are subject to shareholder approval for convertibility, with a general meeting rescheduled to 29 April 2024 to discuss the matter. No shares have been issued from the Convertible Notes as the company moves towards resolving the compliance issue.
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