debt
confidence high
sentiment neutral
materiality 0.30
MetaWorks Platforms closes $115,200 convertible promissory note, netting $90,000
WASTE ENERGY CORP.
- Principal $115,200, original issuance discount $19,200, net proceeds $90,000.
- Interest 10% p.a. (default rate 22%); matures May 15, 2024.
- Convertible into common shares only upon default; exempt under Rule 506.
- Single subscriber (U.S. person) under Section 4(a)(2).