debt
confidence high
sentiment neutral
materiality 0.50
Nevada Canyon Gold closes $1M convertible note financing at 15% interest
Nevada Canyon Gold Corp.
- Closed $1,000,000 in convertible promissory notes to accredited investors.
- Notes bear 15% annual interest, due 12 months from issuance.
- Conversion price is lesser of $0.375/share or 25% discount in a $5M+ offering.
- Proceeds for mineral property work, acquisitions, and working capital.
- Conversion limited to 4.99% of outstanding shares at any one time.