$0.01 floor price for convertible note; copper run in progress, please stand by... see 8K.
On January 7, 2019, the Company entered into an allonge agreement with the holders of these notes. Pursuant to this agreement, a $0.01 floor price has been established for the conversion price on these notes.
On February 6, 2019, the Company amended the agreement with the holders of these notes. The parties have agreed to a nine month standstill of the conversion provisions for $392,000 of the convertible debt, giving the Company time to repurchase the debt. The floor price of $0.01, as previously granted, has not been revised.
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