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Bullboard - Stock Discussion Forum Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Metals & Mining Gold
Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of... see more

TSX:BSX - Post Discussion

Belo Sun Mining Corp > Peter pay back your debt you little crook
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Post by SIGG1 on Apr 11, 2024 10:45am

Peter pay back your debt you little crook

6. Promissory notes receivable (continued)

During 2023, Peter Tagliamonte repaid loan interest of $75,885 and repaid loan principal of $244,115 with loan principal of $216,507 remaining payable. To date, the remaining balance has not been repaid. The loan is currently overdue as the repayment date has not been extended and the loan continues to accrue interest after the repayment date. The Company is working with the borrower to arrange repayment as soon as possible. As at December 31, 2023, the Company recognized a carrying value of $228,080 with respect to these promissory notes (December 31, 2022: $528,880). Interest income of $19,200 was recognized for the year ended December 31, 2023 (year ended December 31, 2022: $141,295).
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Belo Sun Mining Corp