RE:RE:RE:RE:Wake upA 6 month note at 15% PLUS bonus shares! I mean they need a real solution. How many shares were issued as a bonues? The terms of the financing clearly show the poor financial position of the company.
The Company announces that is has entered into a loan agreement with AlphaNorth Partners Fund Inc., an arm’s length party (the “Lender”) for a loan in the principal amount of $500,000, which has a term of six months and bears interest at the rate of 15% per annum payable on a quarterly basis (the “Loan”). In consideration of the Loan, subject to the approval of the TSX Venture Exchange (“Exchange”), the Company will issue bonus shares to the Lender.
I am rooting for good things to happen here, but I am not confident that the management team is on top of things. Little or poor communication. Phantom crypto deal to distract shareholders (they let LOI expire without any NR at all). GLI certification seems very elusive.
Good Luck
LRG