Must like whats coming grin . Yup huge drill program and a ton of holes coming and with some assays out I bet we will be getting a lot more sooner then later . Read on .
Bridge Loans As disclosed in the press release of the Company dated April 28, 2022, Ian Dawson and Bruce Dawson, directors of the Company, previously advanced two bridge loans (the "April Loans") to the Company on behalf of the Lenders in the aggregate principal amount of US$450,000.
The Company announces that it has also obtained two additional bridge loans (the "May Loans") on May 18, 2022 and May 20, 2022 from the Lenders in the aggregate principal amount of US$700,000.
The April Loans and the May Loans are payable on demand, accrue interest at a rate of 123/8% per annum compounding monthly, and were evidenced by promissory notes delivered by the Company to the Lenders.
On the Closing Date, the April Loans and May Loans and any interest outstanding thereunder will be incorporated into the Loans as the first and second drawdowns, respectively.