Can u believe it, not only do they get interest on the loan but also get paid back in stock at a 50% discount. That looks to be a 120% return after one year!!!! Way to watch upcoming shareholder value!!
On July 25, 2013, the Company issued a $6,500 unsecured convertible promissory note to Tangiers Investment Croup, LLC. The note bears interest at 10% per annum, is due July 25, 2014, and is convertible at a 50% discount to the lowest trading price any day during the fifteen day period prior to the conversion date.
On July 26, 2013, the Company issued a $20,000 unsecured convertible promissory note to Tangiers Investment Croup, LLC. The note bears interest at 10% per annum, is due July 26, 2014, and is convertible at a 50% discount to the lowest trading price any day during the fifteen day period prior to the conversion date.
On July 29, 2013, the Company issued 39,861,336 shares of its common stock in conversion of loans payable in the amount of $12,449.
On August 1, 2013, the Company issued 34,228,094 shares of its common stock in conversion of loans payable in the amount of $10,711.
On August 2, 2013, the Company issued a $5,000 unsecured convertible promissory note to Tangiers Investment Croup, LLC. The note bears interest at 10% per annum, is due August 2, 2014, and is convertible at a 50% discount to the lowest trading price any day during the fifteen day period prior to the conversion date.
On August 2, 2013, the Company issued a $14,500 unsecured convertible promissory note to Asher Enterprises, Inc. The note bears interest at 8% per annum, is due May 4, 2014, and is convertible at a 49% discount to the average of the lowest three trading price during the ten day period prior to the conversion date.
On August 2, 2013, the Company issued a $15,000 unsecured convertible promissory note to Tangiers Investment Croup, LLC. The note bears interest at 10% per annum, is due August 2, 2014, and is convertible at a 50% discount to the lowest trading price any day during the fifteen day period prior to the conversion date.
On August 6, 2013, the Company issued 30,000,000 shares of its common stock in conversion of loans payable in the amount of $4,500.
On August 7, 2013, the Company issued 22,941,176 shares of its common stock in conversion of loans payable in the amount of $3,900.
On August 12, 2013, the Company issued a $5,000 unsecured convertible promissory note to WHC Capital, LLC. The note bears interest at 8% per annum, is due August 12, 2014, and is convertible at a 55% discount to the average of the lowest three closing bid prices during the ten day period prior to the conversion date.
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