Global Masters Fund (ASX:GFL) has released a Quarterly Report to Trustee and ASIC in relation to the GFL Convertible Notes (ASX: GFLGA) for the quarter ended 31 December 2022.
The report confirms that the Conversion Price of the GFL Notes into Ordinary Shares remains unchanged at $3.10, and the Loan-to-Value Ratio as at 31 December 2022 is 23.47%.
All of the requirements listed in the report were met, and the Directors of Global Masters Fund Limited certify that the property of the Issuer will be sufficient to repay the amount of each Note when it becomes due and payable.