debt
confidence high
sentiment neutral
materiality 0.35
MetaWorks Platforms enters $375K convertible loan at 10%, convertible at $0.025/share
WASTE ENERGY CORP.
- $375,000 convertible loan agreement with 10% interest rate, maturing June 11, 2025.
- Conversion price $0.025 per share at holder's option.
- On default, outstanding amount increases by 30% and holder can convert at $0.025.
- Loan issued to one U.S. person under Rule 506/Section 4(a)(2) exemption.
- No use of proceeds specified in the filing.