This is the last one!

I see in the NR that the convertible debenture was retired in full. There was an NR on March 31 that the terms had been amended. So your saying it was now paid out in full and there is no more liability here?

Separate to that debenture is a 903K loan from this year taken at 12% interest which has a conversion rate at 0.28.

This loan has a 4 month hold period so the loan issuer will not have been able to convert yet? Or can they convert but just not yet sell?

The NR does not say if the conversion is at the option of the loan issuer or PYR. This is fairly important information to know if you can share it.

Has this loan like the debenture been retired yet?

If not, who has the right to convert to shares? PYR or the loan issuer?

If the issuer has the right to convert they can make almost 1000% on their loan at this point and cause 3.2 million shares dilution approx.

If PYR has the right to convert then you can just repay it and avoid this dilution.

Anything you can comment on this is appreciated.

Thanks,

DHOD