secwatch.observer — SEC 8-K summary
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Issuer:     MMEX Resources Corp (MMEX)
CIK:        0001440799
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001477932-22-005688
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

MMEX closes $200K convertible note with GS Capital Partners, net proceeds $185K
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- 10% convertible note principal $200,000; net proceeds $185,000 after $10K OID and $5K lender expenses.
- Conversion price $0.055 per share; maturity date July 26, 2023.
- Prepayment allowed with escalating redemption premium: 5% (first 60 days), 15% (61-120 days), 25% (121-180 days).
- Issuance exempt from registration under Section 4(a)(2) and Regulation D.
- Default penalty provisions apply if note not converted and not repaid at maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1440799/000147793222005688/0001477932-22-005688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1440799/000147793222005688/mmex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-005688

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