Minerco Inc (MINE)

[peafunke]

So they had 3 million last year. A lot of good it did them.

Most likely will be paid back in shares. So more dilution

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Minerco Resources, Inc. amended its Line of Credit with Post Oak LLC originally dated May 1, 2014.

The summary of the Amendment to the Line of Credit is as follows (the entire Line of Credit is attached as Exhibit 10.1 to this Current Report on Form 8-K filed with the Securities and Exchange Commission):
1. Line of Credit. The total of Advances allowed outstanding at any given time shall increase from Two Million Dollars ($2,000,000) to Three Million Dollars ($3,000,000.00).
2. Security. The requirement under this section has been removed.

The foregoing description of the Amendment to Line of Credit is qualified in its entirety by reference to the full text of the Line of Credit, attached as Exhibit 10.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission and incorporated herein by reference.