Wonder if this was same note holder coming back for more $$$ in 2020?
During the six months ended July 31, 2019 the Company entered into new convertible notes totaling $732,074 with one year maturities, interest rates ranging from 8%-15%, the Company received $573,250 in cash proceeds, recorded original issue discounts of $41,675 and loan and interest of $117,149 was transferred from existing notes of the same lender.
During the six months ended July 31, 2019, the Company converted a total of $464,582 of the convertible notes, $151,431 accrued interest and $5,500 in fees into 17,318,439 common shares and the Company released the associated derivative liability of $547,954 referred to in Note 6.
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