secwatch.observer — SEC 8-K summary
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Issuer:     Atlas Lithium Corp (ATLX)
CIK:        0001540684
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001493152-21-029109
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Brazil Minerals eliminates $129K note by issuing 19M shares and warrants; now has zero U.S. debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1540684/000149315221029109/0001493152-21-029109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1540684/000149315221029109/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-029109

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