Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
As previously reported, in August 2019 we issued a $2.6 million principal amount note due June 2020 (the “June 2020 note”) in exchange for the cancellation of existing indebtedness. On June 24, 2020, we prepaid the June 2020 note through the issuance of 1,235,094 shares of our common stock, in accordance with the terms of the June 2020 note. We relied on an exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended, for the issuance of such shares.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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