![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, October 04, 2013 3:15:35 PM
Same with Elray Resoruces:
On January 19, 2012, the Company entered into an agreement with JSJ Investment, Inc. (“JSJ”) in which JSJ agreed to loan the Company
$25,000 (the “Second JSJ note”). The note is for one year and bears interest at a rate of 10% per annum. From July 19, 2012 to July 19, 2013, the
note holder has the option to convert the note to common shares in the Company at a discount of 50% of the average of the preceding seven days
closing price. On May 28, 2013, JSJ converted this note into 327,120 shares of common stock.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9456455
Hey, at least it was 65% for these guys:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9468297
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