$940,000 DUE FEB. 16 !!!! Secured Debentures of $750,000 + $90,000 interest was due this Feb. 16. Does the Co. actually own anything?
Will QAM seize all Co. paper clips,pens,I LOVE GNZ coffee mugs,the President's chair and desk,Anthony Ghitter,3-hole paper punch,stapler,collectable Tablets hand-hewn by Moses and the Pasquia Hills assets?Hmmmm.
GOLDNEV RESOURCES INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED MARCH 31, 2011
The following information prepared as at July 27, 2011, is Management’s Discussion and Analysis (“MD&A), of Goldnev Resources Inc. (the “Company” or “Goldnev”) operating and financial results as at and for the year ended March 31, 2011 as well as information and estimates concerning the Company’s future outlook based on currently available information. This discussion should be read together with the audited financial statements for the year ended March 31, 2011.
On February 16, 2011 the Company announced today that it has entered into a private placement financing agreement for a secured convertible debenture with Qi Asset Management Inc. (“QAM”) for gross proceeds of $750,000. The convertible debenture matures 24 months from the date of issue and is convertible, at the option of the holder, into Common Shares of the Corporation at a price of $0.075 per Common Share. The debentures will bear interest at a rate of 12 percent per year, payable in yearly installments.