Elray Resources Inc (ELRA)

[Bob22701]

ELRA Convertible Notes Payable:

June 30,
2017

JSJ Investments, Inc. $ 128,853
LG Capital Funding, LLC 4,264
WHC Capital, LLC 116,936
Beaufort Capital Partners, LLC 10,966
Tangiers Investment Group, LLC 48,393
GSM Fund Management, LLC 35,309
Microcap Equity Group, LLC 18,892
Virtual Technology Group, Ltd 481,500
Gold Globe Investments Ltd 2,324,000
Vista Capital Investments, LLC. 5,800
Subtotal 3,174,913
Debt discount -
Total 3,174,913

The two largest holders of Convertible Debt are VTG and GGIL. The reason for this is that ELRA is in default over the Know-How and Asset Purchase Agreement with the two companies that was supposed to get ELRA into the Bitcoin world. All that Bitcoin has achieved for ELRA is $2.8 million in debt that the company has no way to service.

GLTA
Bob