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 December 2020 in exchange for the cancellation of existing indebtedness. On October 9, 2020, we prepaid the December 2020 note through the issuance of 1,377,356 shares of our common stock, pursuant to our election and in accordance with the terms of the December 2020 note. We relied on an exemption from registration provided by Section 3(a)(9) of the Securities Act for the issuance of such shares.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.