RE:RE:Drops.6 cents What now ? Damn fins are out of date too. They were filed Jan 17/23 but failed to disclose in a subsequent events section a 3rd tranche of convertible notes. Total is $1,300,000 US => 7,647,059 Shs
Dec 14/22 early warning report
In addition, on November 1, 2022, the Issuer issued, to Meridian Holdings II, on a private placement basis, a senior convertible note (the “Note”) for an aggregate principal amount of up to US$1,600,000 and bearing interest at a rate of 12% per annum (or 16% in the event of a default). An initial amount of US$400,000 was funded by Meridian Holdings II on November 1, 2022, and an additional US$500,000 and US$400,000 was funded on November 18, 2022 and December 9, 2022, respectively. The principal amount outstanding under the Note is convertible into Common Shares at a price of US$0.17 (C$0.23) and any accrued and unpaid interest is convertible into Common Shares at the last closing price (in US dollars) of the Common Shares on the TSX-V on the day prior to the issuance of a news release announcing such conversion