secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nevada Canyon Gold Corp. (NGLD)
CIK:        0001605481
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001493152-21-022603
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nevada Canyon Gold up to $1M convertible note offering at 15% interest, conversion at $0.375 or discount
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221022603/0001493152-21-022603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221022603/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-022603

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer