debt
confidence high
sentiment positive
materiality 0.60
Brazil Minerals eliminates $129K note by issuing 19M shares and warrants; now has zero U.S. debt
Atlas Lithium Corp
- Extinguished promissory note originally $129,000 plus accrued interest totaling $133,241.10.
- Issued 19,034,442 restricted common shares and a warrant for 5M shares at $0.01/share, expiring June 15, 2022.
- Transaction leaves the Company with zero U.S. debt on its books.
- Shares and warrants issued in reliance on Section 4(a)(2) exemption from registration.