debt
confidence high
sentiment neutral
materiality 0.30
MMEX extends note maturity, issues shares, closes $165K convertible note
MMEX Resources Corp
- Extended GS Capital convertible notes maturity to March 23, 2023; issued 712,802 shares to pay $109,671 balance at $0.1543/share.
- Issued new $165,000 convertible note at 10% interest, conversion price $0.10/share; net proceeds $150,000 after OID.
- Drew $50,000 under existing GS Capital line of credit promissory note dated Feb. 22, 2021.