Star Gold Corp. (SRGZ): debt financing — Star Gold issues $312.5K in convertible notes; director Nilson resigns

Star Gold Corp.

Issued four 8% convertible promissory notes totaling $312,500, maturing April 14, 2026.
One note converted $260,000 of existing debt; three notes provided $52,500 new loans from officers/board.
Notes convertible at $0.02 per share; no periodic payments; all principal and interest due at maturity.
Director Ronald D. Nilson resigned April 14, 2023; no disagreement with company stated.

item 2.03 item 5.02 item 9.01

Executive movements

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Departed

Ronald D. Nilson

Director

SRGZ · Star Gold Corp.

Effective: 2023-04-14
Filed: April 18, 2023, 7:59 PM ET

accepted the resignation of Ronald D. Nilson from his position as a member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Star Gold Corp. incurred convertible notes of $312,500.00 with related party and officer and members of the Company's Board of Directors at 8% maturing April 14, 2026.

Instrument: convertible notes
Principal: $312,500.00
Counterparty: related party and officer and members of the Company's Board of Directors
Rate: 8%
Maturity: April 14, 2026
Event: incurrence

Exact text from the filing

On April 14, 2023, Star Gold Corp. (“Star Gold” or the “Company”) issued four (4) convertible promissory notes (each a “Note” and collectively the “Notes”) with an aggregate principal amount of three hundred twelve thousand five hundred and no/100 dollars ($312,500.00).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald D. Nilson resigned as Director at Star Gold Corp..

Action: resigned
Role: Director

Exact text from the filing

accepted the resignation of Ronald D. Nilson from his position as a member of the Board.

View on SEC.gov

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Star Gold Corp. filing history →

Source: SEC EDGAR

accession 0001199835-23-000216

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