debt
confidence high
sentiment neutral
materiality 0.45
MMEX closes $105K convertible note; reduces Series B/C/D conversion/exercise prices to $0.05
MMEX Resources Corp
- Closed 10% convertible note with 1800 Diagonal Lending LLC for $105,000; net proceeds $101,250.
- Conversion price initially $0.11/share; after six months, 42% discount to lowest trading price in prior 10 days.
- Amended Series B Preferred, Series C & D warrants: conversion/exercise price reduced from $0.10 to $0.05 as waiver consideration.
- Securities issued under Section 4(a)(2) and Regulation D, not registered.