another discouraging thing Hidden at the end of the private placement close.
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Shares for Debt Settlement for $125,00 Principal Amount of Debentures
In addition, holders of an aggregate of $125,000 in principal amount of the Company's convertible debentures due November 9, 2024 (the "Debentures") have elected, in accordance with the terms and conditions of the Debentures, that the Offering will constitute the maturity date for their Debentures. The Company intends to satisfy its obligations under these Debentures, which together with accrued and unpaid interest amounts to an aggregate of $146,096, by issuing 730,480 Common Shares at a price per share of $0.20 to holders of the Debentures in a shares for debt transaction."