RE:RE:RE:ONWARDS N UPWARDS--USE OF PROCEEDS
Further to the Company's press release dated September 7, 2016, the Company has received election from its arm's length bridge note lender (the "Lender") to convert the total $400,000 principal amount into common shares of the Company at a price of $0.15 per common share in lieu of repayment. As a result, the Company will issue the Lender a total of 2,666,666 common shares and have increased cash proceeds available to the Company. Read more at https://www.stockhouse.com/news/press-releases/2016/10/17/namaste-closes-private-placement#agDgprdohZgoqo0P.99 Guess they're closing an old deal with shares because they're being forced to.