Sky Quarry subsidiary issues $1M 30% secured note; issues 500k shares and 2M warrants to lender

Sky Quarry Inc.

$1,000,000 secured promissory note issued by Foreland Refining to KF Business Ventures, due Nov 24, 2025 at 30% annual interest.
Sky Quarry issued 500,000 common shares and warrants to purchase 2,000,000 shares at $0.70/share (5-year term) as additional consideration.
Note secured by all assets of subsidiary 2020 Resources LLC; Sky Quarry guaranteed the note.
Company extended all previous KFBV warrants until July 24, 2029.
At least 60% of proceeds from Reg CF offering must be allocated to note repayment.

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