iMine Corp subsidiary RAC provides $672,960 secured loan to Fix Pads, assigns 50% to investor

My City Builders, Inc.

RAC loaned $672,960 to Fix Pads Holdings at 12% interest, secured by 7 properties across multiple states.
Note requires interest-only monthly payments, principal due July 1, 2023; 12% annual rate.
RAC assigned half ($336,480) of the note to investor Frank Campanaro, retaining $336,480 principal plus half interest.
Net effect: RAC disposed $328,625.73 cash and acquired $334,480 in secured note (difference due to prepaid interest).

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