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Re: None

Tuesday, 01/04/2022 10:07:33 AM

Tuesday, January 04, 2022 10:07:33 AM

Post# of 45
“As at the date hereof, there is $4,966,000 aggregate principal amount of Debentures outstanding and the aggregate accrued interest on such Debentures is $509,015 (the "Interest Amount"). Subject to approval of the TSX Venture Exchange, the Company intends to pay the Interest Amount on the Interest Payment Date by issuing an aggregate of 8,483,574 Common Shares at an issue price of $0.06 per Common Share, being the volume weighted average price of the Common Shares on the trading day prior to the Interest Payment Date.”

8 million shares for just the interest portion on the debentures, and the stock is rising based on that?

my posts are always theory and not financial advice