Wednesday, March 03, 2021 10:48:36 AM
The convertible collateralised subordinated notes (the "Notes") to be issued to Buyers each have a maturity of one (1) year, with a maturity date of 11 February 2022, and bear interest of 10%, which must be paid quarterly to the Holders. The Bonds are convertible into BRGO Common Shares at a fixed conversion price of $ 0.0015, and Holders of the Bonds may convert all or a portion of the Bonds into Common Shares of the Company at any time, subject only to the limitation of beneficial ownership of each. Buyer up to 9.99% of the issued and outstanding shares of BRGO common stock. The Bonds are redeemable by the Company, subject to the Redemption Procedure in Section 6 and the formula detailed in Annex 6 (a) thereof.
Warrants to purchase common stock (the "Warrants") to be issued to Buyers have an exercise price of $ 0.002 (the "Strike Price") and such Buyers may exercise the Warrants for a period of Five (5). years, up to the Maturity Date and in the manner established therein, which includes a cashless Exercise provision, subject to the limitation of the beneficial ownership of each Buyer up to 9.99% of the total of the Company's ordinary shares issued and in circulation . Warrants are non-refundable by the Company.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM