The TSX Venture Exchange has accepted for filing the company's proposal to issue a $650,000-principal-amount convertible promissory note to settle outstanding debt of $650,000.
Number of creditors: one creditor
Convertible note: $650,000 principal amount
Conversion price: convertible into common shares at 50 cents of principal amount per share until maturity
Maturity date: two years from issuance
Interest rate: 5 per cent per annum
For further details, please refer to the company's news release dated May 2, 2018.
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