Kaya Holdings Inc. (KAYS)

[3-Stooges-Nyuk-Nyuk-Nyuk]

what about this possible convertible warrants or notes thing..

In March 2017, the Company completed a $2.1 million financing with an institutional investor (the “ Investor ”) who had previously furnished KAYS with $1.2 million in financing, pursuant to a financing agreement (the “ Financing Agreement ”) which the Company had previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 6, 2017 (the “ Prior Form 8-K ”). Pursuant to the Financing Agreement, the Investor purchased $2.1 million in principal amount of convertible notes (the “ Notes ”) from the Company as follows:
· $400,000 in principal amount of Notes which are convertible into shares of the Company’s common stock (“ Shares ”), at a conversion price of $0.04;
· $700,000 in principal amount of Notes which are convertible into Shares at a conversion price of $0.07; and
· $1,000,000 in principal amount of Notes which are convertible into Shares at a conversion price of $0.10.