Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Atlas Lithium Corp incurred convertible notes of $20,000,000 with Martin Rowley along with other experienced lithium investors at 6.5% per annum maturing the date that is thirty-six months from the Closing Date.
- Instrument
- convertible notes
- Principal
- $20,000,000
- Counterparty
- Martin Rowley along with other experienced lithium investors
- Rate
- 6.5% per annum
- Maturity
- the date that is thirty-six months from the Closing Date
- Event
- incurrence
Exact text from the filing
On November 7, 2023, Atlas Lithium Corporation (“Atlas Lithium” or the “Company”) entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Martin Rowley relating to the issuance to Martin Rowley along with other experienced lithium investors (each a “Holder”) of convertible promissory notes with an aggregate total principal amount of $20,000,000, accruing interest at a rate of 6.5% per annum (each a “Note”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Atlas Lithium Corp entered into Convertible Note Purchase Agreement with Martin Rowley and other experienced lithium investors valued at $20,000,000 (effective 2023-11-07).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Martin Rowley and other experienced lithium investors
- Value
- $20,000,000
- Effective
- 2023-11-07
Exact text from the filing
On November 7, 2023, Atlas Lithium Corporation (“Atlas Lithium” or the “Company”) entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Martin Rowley relating to the issuance to Martin Rowley along with other experienced lithium investors (each a “Holder”) of convertible promissory notes with an aggregate total principal amount of $20,000,000, accruing interest at a rate of 6.5% per annum (each a “Note”).
View on SEC.gov