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Re: Xylan post# 17912

Tuesday, 10/25/2016 6:32:57 PM

Tuesday, October 25, 2016 6:32:57 PM

Post# of 38901
that is way off... 100k already was converted by sept. 27th read the PR

To assist with our new operations in Papua New Guinea, Blackbridge Capital has extended a new facility of $100,000, which as noted in our Form 8-K filed on September 12, 2016, had been drawn down by $25,000 leaving a further facility of $75,000 outstanding. This facility is not to be confused with the $105,000 convertible note to Blackbridge Capital which has been repaid in full via its conversion feature, this new facility with Blackbridge Capital cannot be converted for six months from each drawdown. Our total outstanding shares have increased since last reported due to such conversions. As of September 25, 2016, we had a total of 254,513,362 shares of our common stock outstanding. The Company is attempting to reduce its reliance on convertible notes and we believe the new revenues from Rigo will help ease such reliance in the near future.



http://www.otcmarkets.com/stock/DLCR/news/Kibush-Capital-Timber-Update?id=141288&b=y

where are you pulling 288k?

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