SpectrumDNA, Inc. (SPXA)

[HDOGTX]

this is nice language too::

there being no more than 336,000,000 shares of common stock issued or outstanding or issuable upon exercise or conversion of outstanding securities of the Company


The parties acknowledge that prior to and subsequent to the Closing, SPXA intends to raise up to $4,000,000 in equity financing (the “Capital Raising Transaction”) by the private offer and sale of shares of Common Stock and Warrants to acquire additional shares of Common Stock, with it being understood that completion of the Capital Raising Transaction shall not be a condition of Closing. Among other things, proceeds of the Capital Raising Transaction are expected to be used as follows:




Airport Equipment Rentals


NC Machinery

$284,579.87
NC Machinery Note

$412,000.00
Everts (prior season fuel)

$342,881.88
GS&C Alaska, LLC

$300,000.00
Shane Holmberg

$15,000.00
(executed release agreement received)
Jack Dunshie

$15,000.00
(executed release agreement received)
Additional Debt service (plus reserve)
2015 Mining Season