other material
confidence high
sentiment neutral
materiality 0.50
Joway Health Industries corrects conversion rate error on $898,000 secured notes and 11.97M warrants
Idaho Copper Corp
- Replacement Notes and Warrants issued Jan 23, 2023 had incorrect conversion rate; board passed resolution to adjust terms.
- Outstanding convertible secured notes now $898,000 at $0.075 conversion per share; warrants 11,973,333 at $0.15 per share.
- Notes secured by first priority lien on all assets except ~7.3% patented lode mining claims of CuMo Project.
- Audited financials of International CuMo Mining Corp for six months ended Dec 31, 2022 show net loss of $888,267.
- Multi-Metal Development Ltd beneficial owner of 61.4%; Robert Scannell, CFO & Treasurer, owns 8.7%.