debt
confidence high
sentiment neutral
materiality 0.50
Rainmaker Worldwide issues $364k in convertible notes to restructure trade payables
Rainmaker Worldwide Inc.
- Issued three convertible promissory notes totaling $364,190.07 to restructure outstanding trade accounts payable.
- Notes bear 10% annual interest, mature in one year, convertible at $0.027/share (30-day VWAP, no discount).
- Also amended consulting agreements with two affiliates and entered new consulting agreement with Sage Stone (Canada). No equity issued.