NovAccess Global Inc (XSNX): On December 30, 2021, NovAccess Global I...

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Wednesday, 01/05/2022 2:57:24 PM

Wednesday, January 05, 2022 2:57:24 PM

On December 30, 2021, NovAccess Global Inc. (“NovAccess” or the “company”) obtained a $25,000 loan from each of Dwain K. Morris-Irvin, the company’s chief executive officer, Neil J. Laird, the company’s chief financial officer, and Amit Mulchandani, chief executive officer of Letzhangout, LLC, a company that provides accounting consulting services to NovAccess (collectively, the “Loans”). NovAccess issued to each of Messrs. Irvin, Laird and Mulchandani a demand promissory note for $25,000 evidencing the Loans (Collectively, the “Notes”). The Notes are due on demand and bear interest at 10% per year. NovAccess will use the $75,000 proceeds of the Loans to retire the loan from Power Up Lending Group Ltd. and for general working capital purposes.

https://ih.advfn.com/stock-market/USOTC/novaccess-global-pk-XSNX/stock-news/86928970/current-report-filing-8-k

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Recent XSNX News

Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 08:06:53 PM
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