Just re-read the announcement again - no mention of the terms of the debt, or conversion to equity options. IMHO the only reason why any creditor would accept such an arrangement is the alternative of having to write it off.....
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch