Umm when I clink on the link it does not bring up the same info I am seeing in 236T568 post. The info in his post is what led to the "grooming" remark. A repost of those remarks below but I have no way to confirm it is accurate
(c) Alpha Capital Anstalt
On December 15, 2015, the Company issued a convertible secured note for $555,556 to Alpha Capital
Anstalt. The convertible secured note bore interest at a rate of 5% per annum, matured on June 15, 2017
and was convertible into units, each unit consisting of one common share of the Company and one common
share purchase warrant of the Company, at a conversion price of $0.34794 per unit. Each warrant would
entitle the holder to acquire one additional common share at an exercise price of CDN $0,4935? per share
until ?.
On April 5, 2016, $55,556 of the principal of the convertible secured note was settled by the issuance of
22,991 common shares of the Company. The remaining $500,000 of the principal and $12,577 of accrued
interest of the convertible secured note was settled on April 8, 2016 using the proceeds from the issuance of
an additional convertible secured note to Alpha Capital Anstalt.
On April 8, 2016, the Company issued an additional convertible secured note for $600,000 to Alpha Capital
Anstalt. The convertible secured note bore interest at a rate of 5% per annum and matured on October 8,
2017. The convertible secured note was convertible into units, consisting of one common share of the
Company and one common share purchase warrant of the Company, at a conversion price of $3.469 per
unit. Each warrant would entitle the holder to acquire one additional common share at an exercise price of
CAD $4.725 per share until April 8, 2021. The convertible secured note was secured by all of the assets of
the Company.
Between October 14, 2016 and October 31, 2016, $200,000 of the principal of the convertible secured
PETROTEQ ENERGY INC.
Notes to the Condensed Consolidated Interim Financial Statements
May 31, 2018 and 2017
Expressed in US dollars
27
notes was converted into 57,756 units.
13. CONVERTIBLE DEBENTURES (continued)
(c) Alpha Capital Anstalt (continued)
On August 31, 2017, the Company issued a new convertible secured note for $565,000 to Alpha Capital
Anstalt. The remaining convertible loan principal at $400,000 and interest and early settlement interest at
$59,014 was settled by the proceeds of the newly issued convertible secured note. The convertible secured
note bears interest at a rate of 5% per annum and matures on October 31, 2018. The convertible secured
note is convertible into units, consisting of one common share of the Company and one common share
purchase warrant of the Company, at a conversion price of $0.29 per unit until August 31, 2022. The
convertible secured note is secured by all of the assets of the Company.
On December 19, 2017, January 10, 2018, February 9, 2018 and May 22,2108, Alpha Capital converted a
total of $508,500 of the convertible units into 1,753,447 shares of common stock at a conversion price of
$0,29 per share; and warrants exercisable over 1,753,447 share of common stock at an exercise price of
$0,315 per share.
