A decent amount and they keep on issuing more
Per Q3 look at what they just issued at the end of September a total of $92k in debt that would equate to about a Billion shares as of right now, add to that all the shares in exhibit A that will come off of restriction and there will be plenty of dilution for the foreseable future
) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $12,000.00. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $12,000.00.
(e) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of services
provided in the amount of $15,000.00. Under the terms of the debenture, the amount owing is unsecured, bears
interest at 12% per annum, and is due on March 31, 2017. Interest on overdue principal after default accrues at an
annual rate of 18%. The debenture is convertible into commons shares of the Company at any time while the note is
in effect at a conversion price equal to 50% of the lowest trading price of the Company’s common shares for the
past 15 trading days prior to notice of conversion. The balance outstanding as at September 30, 2017 is $15,000.00.
(f) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
expenses paid on behalf of the Company in the amount of $10,175.00. Under the terms of the debenture, the
amount owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on
overdue principal after default accrues at an annual rate of 18%. The debenture is convertible into commons
shares of the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest
trading price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The
balance outstanding as at September 30, 2017 is $10,175.00.
(g) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
expenses paid on behalf of the Company in the amount of $25,233.70. Under the terms of the debenture, the
amount owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on
overdue principal after default accrues at an annual rate of 18%. The debenture is convertible into commons
shares of the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest
trading price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The
balance outstanding as at September 30, 2017 is $25,233.70.
(h)
(i)
On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $15,000.00. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $15,000.00.
On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $15,015.38. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $15,015.38.
AI
