RE:Look out belowFrom the filings re new debt.
Loans payable On January 21, 2022, $90,000 was advanced to the Company from an unrelated party. The promissory note is repayable, in whole or in part, upon written notice provided by the lender and bears interest at a rate of 9.95% compounded annually. During the quarter ended February 28, 2022, an aggregate of $133,500 was advanced to the Company from directors, and a party related to a director. These promissory notes are repayable, in whole or in part, upon written notice provided by the lenders and bear interest at a rate of 9.95% compounded annually. On November 30, 2021, $100,000 was advanced to the Company from other directors. These promissory notes are repayable, in whole or in part, upon written notice provided by the lenders and bear interest at a rate of 9.95% compounded annually. On November 04 and November 15, 2021, an aggregate of $36,000 was advanced from a director. The promissory note is repayable, in whole or in part, upon written notice provided by the lender and bears interest at a rate of 9.95% compounded annually. On November 04, 2021, $25,564 was advanced from a party related to a director. The promissory note is repayable, in whole or in part, upon written notice provided by the lender and bears interest at a rate of 9.95% compounded annually. On November 16, 2021, $100,000 was advanced from a party related to a director. The promissory note is repayable, in whole or in part, upon written notice provided by the lender and bears interest at a rate of 9.95%.