BoxScore Brands closes $1.5M convertible notes offering for lithium project development

AMERICAN BATTERY MATERIALS, INC.

Net proceeds of $1,447,500 from convertible notes with 12-month maturity, 7.5% interest, and conversion discounts tied to future uplist or voluntary conversion after 180 days.
Proceeds to fund exploration and drilling at Lisbon Valley Clean Lithium Project in Utah, with 120 mining claims in good standing.
Renewed engagement with RESPEC for geotechnical and resource management services.
Purchasers include Kings Wharf Opportunities Fund ($750K), Leviston Resources ($350K), and two individuals ($400K total); none are related parties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMERICAN BATTERY MATERIALS, INC. entered into Note Purchase Agreements with Kings Wharf Opportunities Fund, LP; Leviston Resources LLC; Candace Shira & Marvin Engle; Linda Shira valued at $1,500,000.

Action: entry
Agreement: notes offering
Counterparty: Kings Wharf Opportunities Fund, LP; Leviston Resources LLC; Candace Shira & Marvin Engle; Linda Shira
Value: $1,500,000

Exact text from the filing

On 05 April 2023, BoxScore Brands, Inc. (the “ Company ”) closed transactions (the “ Convertible Notes Offering ”) under a series of Note Purchase Agreements (the “ Purchase Agreements ”) with four (4) investors identified therein and below (the “ Purchasers ”) pursuant to which, among other things, the Purchasers, subject to the satisfaction or waiver of the conditions set forth in the Purchase Agreement, purchased from the Company certain convertible notes (the “ Convertible Notes ”) with an aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000).

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Source: SEC EDGAR

accession 0001213900-23-027832

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