Digital Brand Media and Marketing Group Inc (DBMM)

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PER LAST Q THERE ISN'T MUCH TO CONVERT...SEE,BELOW: WHICH LEADS ME TO BELIEVE WHY THEY ONLY RAISED THE A/S TO 200M

The Convertible Debentures mature through May 2015, some of which are payable on demand and bear interest at ranges between 6% and 15%. The convertible debentures are convertible at ratios varying between 50 and 55% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5 days prior to conversion. As of May 31, 2015, an aggregate of $515,743 of convertible debenture have matured.

During the nine-month period ended May 31, 2015 and 2014, the Company modified terms with existing or new lenders for loans payable aggregating $0 and $450,300, respectively. Substantially all modifications consist in adding conversion terms to such convertibles debenture.

During the nine-month period ended May 31, 2015 and 2014, the Company issued 700,205 and 1,541,716 shares of its common stock, respectively, to satisfy its obligations pursuant to the original terms of the underlying debt agreements under principal repayments aggregating $27,207 and $401,229, respectively. Additionally, the Company issued 100,979 shares of its common stock to satisfy interest pursuant to certain convertible debentures during the nine-month period ended May 31, 2015. The fair value of the shares of common stock amounted to $4,236 during such period and has been recorded as interest expense.

During the nine-month period ended May 31, 2015 and 2014, the Company generated proceeds of $160,000 and $149,000, respectively, from the issuance of convertible promissory notes payable.