Replies to post #10560 on Calissio Resources Group Inc (CRGP)

[robert90]

10k, page 15
http://www.otcmarkets.com/financialReportViewer?symbol=CRGP&id=135644

See 10q for continuation of this on page 15
http://www.otcmarkets.com/financialReportViewer?symbol=CRGP&id=138139

Start with this line to reference

To Reduce Debt:
On September 30, 2010 the Company entered into an agreement with Global Infinitum Market SA de CV for a
line of credit to secure funding for mining operations. Under the terms of this agreement $600,000 is made
available for a four year term, at an interest rate of 7.5% with an option to extend the term. The amount
outstanding and payable including accrued interest at December 31, 2013 is $546,000; this includes accrued
interest in the amount of $146,250 and at March 31, 2014 is $557,250 with accrued interest of $157,500. On
August 9, 2012 the Company elected to reduce this obligation by issuing 21,300,000 common shares at a cost
basis of $106,500 and issuing a further 21,000,000 million shares at a cost basis of $105,000. This reduced the
principal amount of $600,000 down to $388,500. The amount of accrued interest at December 31, 2012 is
$112,500 and with the remaining principal amount of $388,500, for a total of $501,000.
On February 4, 2014: 44.5 million shares were issued at $0.001 and on March 18, 2014 28.5 million shares
were issued at $0.001 to Global Infinitum Market S.A. De C.V as a reduction of a note outstanding in the
amounts of $44,500 and $28,500, on September 30, 2014 the amount outstanding was $579,750. Total shares
issued and outstanding on September 30, 2014 were 571,778,578. Effective October 6, 2014 the Company
completed a 1 for 200 reverse split of its capital stock. The number of shares outstanding after the 1 for 200
reverse split are 2,858,893. On October 8, 2014 5,000,000 shares were issued at $0.001 to reduce debt in the
amount of $5,000 and on October 7, 2014 100,000,000 shares were issued to Industrias Calissio SUR SA at
$0.05 for a total of $5,000,000. On November 6, 2014 5,600,000 shares were issued at $0.001 to further reduce
debt and 1,107 shares were issued for rounding due to the reverse split. On December 31, 2014 there were
113,460,000 issued and outstanding.

Just because they received 7M give or take from a sale does not mean its going to pay off the debt. Til they announce it or seen in the 10q for Q3 in October/November its safe to assume its sitting on the books for other use. Or of course announcing in a PR and later material filing they've done so. (All notes paid or whatever)