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Monday, October 29, 2018 9:42:16 PM
? Unsecured, convertible promissory note in the principal amount of up to $900,000, bears interest at 12% per annum, is convertible into common shares after 180 days from issuance date at a conversion price equal to the lessor of (i) the lowest trading price during the previous fifteen trading days prior to the date of the promissory note; or (ii) 55% of the lowest trading price during the previous fifteen days prior to the latest complete trading day prior to the conversion date. As at June 30, 2018, the Company has received $466,667 from the note of which $300,000 is due on September 19, 2018 and $166,667 is due on November 3, 2018. Interest will be accrued and payable at the time of promissory note repayment.
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