Providence Gold Mines Inc V.PHD

financing in the amount of $1,300,000 USD

[BurryM]

"The Company is presently in negotiation with a funding source for a convertible equity financing in the amount of $1,300,000 USD"

Thats great ! and will be closing shortly.

[givemeabreak1]

Burry It says "convertible equity' that is not the same as a convertible debenture which you might be thinking of!

[BurryM]

You have to read it carefully! It is a very good and I think we will get more news next days and weeks.

[givemeabreak1]

Burry I am not sure what you see that is very good!  It has taken 6 months to come up with next to nothing in the way of financing.  In fact, one could argue it is now over a year given the prior financing was also way under subscribed. It seems you do not understand what converible equity financing is so how can you say negotiating one is good!  The company has been negotiating a

[KozmoT]

If you think resorting to a convertible equity is GOOD then maybe you better do some reading ... Keep in mind of the $1.3 M they needed they somehow only managed to raise ... $121K https://www.upcounsel.com/what-is-convertible-equity Why Would an Established Company Have Convertible Equity? In addition to several start-up companies having convertible equity, some companies that have been in

[KozmoD]

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