Argentum 47 Inc (ARGQ)

[DCorleone]

GEQU LMAO BOLD STATEMENT 100%
"we have no more convertible debt hence the possibility of further dilution is 100% not possible."



a) $135,000 principal of New Note
b) $13,500 being one-off 10% interest payment to be added the principal, and
c) A one-off issuance of 3,000,000 common shares to the lender as exchange shares.
d) A conversion option at a fixed price of $0.025 per common share.

The Company accounted for this further extension as a debt extinguishment of previous extension dated March 18, 2016 and $58,200 was recognized as loss on debt extinguishment comprising of $13,500 of interest payment and $44,700 for issuance of 3,000,000 common shares of the Company valued at a fair value of $0.0149 per share on the date of new exchange