Santo Mining Corp (SANP)

[Slojab]

Quarterly report.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=172709

Add another one to the list.

On March 20, 2017 the Company issued a 12% Convertible Promissory Note (the “Machiavelli Note-
1”) to Machiavelli LTD, in the principal amount of $10,000, with a maturity date of March 31, 2018.
The Note is convertible into shares of the Company’s common stock at any time beginning on the
date that is 180 days following the date of the Note and ending on the Maturity Date, at a price for
each share of Common Stock equal to 60% of the lowest closing bid price for the 30 (thirty) prior
trading days including the date of conversion. The Company recorded a debt discount for the
beneficial conversion feature calculated in the amount of $10,000. Upon the occurrence of an event
of default, the interest rate shall be increased to 24% per annum

The Company has been instrumental in the purchase and refinancing of the KBM Worldwide Notes by a two private investment groups. KBM Worldwide will no longer hold any debt in the Company and the Company is pleased to announce it is debt free of KBM Worldwide and or any of KBMs Subsidiaries. The Company is grateful to KBM for the financial assistance it has given to the Company in the past

KBM? That's apparently just one of the debt instruments that are held. So, instead of debt, just throw shares at them.

On May 23, 2017
KBM Worldwide, Inc. 118,000,000