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ASF Group raises A$2.5M in convertible notes

ASF Group Ltd.raised an additional A$2.5 million through unsecured convertible notes, accordingto a June 3 company release.

The notes carry an annual interest rate of 8% and will matureDec. 31. The company may elect to convert the notes into ordinary shares beforethe maturity date. The noteholders may also elect to convert all notes into shares,subject to full subscription of the notes.