Coretec Group Inc (CRTG)

[iamthe walrus]

May 15th From the 10Q that just came out ; this particular warrant exercise on May 9th of 12.5 million shares was added to the OS count this quarter. Plus the shares given out May 8TH for consulting fees was also added to the OS count. March17 Th 10K OS count was 268,871,202 and May 15 Th OS count is now 282,469,990 a difference of 13,598,788 which is the 12,500,000 million + 1,098,788 = 13,598,788 Dilution continues to trickle in but not to much . Can we guess who the , Investor " is stated below on May 9th , 2023 ?? was Hope for a good call tommorrow !!

Note 8 – Subsequent Events

On May 8, 2023, the Company issued 1,098,788 common shares to a consultant of the Company to satisfy consulting fees of $12,087. The shares were issued from the 2018 Equity Incentive Plan under the effective board consent detailed in Note 6 of the unaudited consolidated condensed financial statements.

On May 9, 2023 an investor provided notice of cash exercise for pre-funded warrants with a price per share of $0.0001. The warrant exercise results in an issuance of 12,500,000 common shares for cash consideration of $1,250.

On May 12, 2023, the Company countersigned a second letter of variation (the Second Variation) to the credit agreement entered into, on October 4, 2019, with DAF. Pursuant to the Second Variation, the Lender agreed to extend the repayment days for each advance made by Lender under the credit agreement by an additional four months. The first principal payment will be due on July 15, 2024 with all other terms and conditions of the credit facility remaining unchanged.