Simpsons Solicitors advised ASX listed gold explorer, Bligh Resources Limited on the issue of a convertible note to ASX listed minerals explorer, Terrain Mineral Limited. The convertible note was a part of a broader settlement involving multiple lenders and subordinated lenders regarding a tenement sales agreement. Simpsons Solicitors advised Bligh Resources Limited on the settlement arrangements, discharge of security and the issue of the convertible note, including implications under the ASX Listing Rules and the Corporations Act.