Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Elys BMG Group, Inc. incurred convertible notes of $1,500,000 with Gold Street Capital Corp. at 12% per annum compounded annually maturing three years from their date of issuance.
- Instrument
- convertible notes
- Principal
- $1,500,000
- Counterparty
- Gold Street Capital Corp.
- Rate
- 12% per annum compounded annually
- Maturity
- three years from their date of issuance
- Event
- incurrence
Exact text from the filing
channel and mobile app product for U.S. and Canadian markets. The Investor purchased a total of 1,500 units and the Company issued Debentures for the total principal amount of $1,500,000 (the "Principal Amount") to the Investor and warrants to purchase 3,138,075 shares of common stock of the Company. The Debentures mature three years from their date of issuance
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Elys BMG Group, Inc. entered into Subscription Agreement with Gold Street Capital Corp. valued at $1,500,000 (effective 2023-05-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Gold Street Capital Corp.
- Value
- $1,500,000
- Effective
- 2023-05-05
Exact text from the filing
On May 5, 2023 (the "Closing Date"), Elys Game Technology, Corp. (the "Company") closed a private placement offering of up to 1,500 units and entered into a Subscription Agreement (the "Agreement") with a single accredited investor, Gold Street Capital Corp. (the "Investor"), which is a company owned by Gilda Pia Ciavarella, a related party and spouse of the Company’s Executive Chairman, Michele Ciavarella.
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