debt
confidence high
sentiment negative
materiality 0.75
Nevada Canyon Gold up to $1M convertible note offering at 15% interest, conversion at $0.375 or discount
Nevada Canyon Gold Corp.
- Up to $1,000,000 in convertible notes sold to accredited investors; maturity 12 months.
- Interest rate 15% per annum, payable quarterly or accrued at holder option.
- Conversion price: lesser of $0.375 per share or 25% discount to qualified public offering.
- Down round clause: if future sales below $0.375, conversion price adjusts once.
- Proceeds at company's sole discretion; registration rights required within 180 days of $1M funded.