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But you know it is possible that if

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tommy 9 fingers Member Profile tommy 9 fingers  
Saturday, April 21, 2012 1:31:48 PM
Re: tommy 9 fingers post# 22693 Post # of 25574 
But you know it is possible that if Carl partners with the right banker/financer he play the same game of extentions that Chang has let him play.

By the way this one appears to have been for $400K for two years

http://digitaljournal.com/pr/668859

Quote:
TORONTO, CANADA--(Marketwire - April 17, 2012) - REBgold Corporation ("REBgold" or the "Company")(TSX VENTURE:RBG) announced today that it has extended the expiry date of $410,000 principal amount of the Company's current outstanding 18% unsecured convertible debentures (the "Debentures") and 4,100,000 of the common share purchase warrants (the "Warrants") originally issued in October 2010. $430,000 principal amount of Debentures and 4,300,000 Warrants were originally issued in October 2010. The original maturity date of the Debentures, and the original expiry date of the Warrants, was October 13, 2011. In October 2011 the expiry date of $410,000 principal amount of Debentures and 4,100,000 of the Warrants was extended to April 13, 2012. Each holder of Debentures and Warrants was offered the choice to either (i) further extend the maturity date of the Debentures held by that holder to April 13, 2015, in which case the expiry date of the Warrants held by that holder would also be extended to April 13, 2015, or (ii) accept payment in full of the Debentures on April 13, 2012, in which case the Warrants held by that holder would also expire on April 13, 2012. All of the holders of the currently outstanding Debentures and Warrants elected to extend the expiry date to April 13, 2015.

Read more: digitaljournal.com/pr/668859#ixzz1shHhfgyR



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