applicable for a small reporting company.
−Removed: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERD SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
September 19, 2017 the Company issued a Convertible Promissory Note in an amount up to $150,000 in favor of Roran (the “
Note ”),
−Removed: and as of December 31, 2018, approximately $139,338 has been drawn by the Company under the Note.
−Removed: The Note was issued pursuant
−Removed: to a Convertible Loan Agreement with Roran (the “
+Added: and as of March 31, 2019, approximately $139,338 has been drawn by the Company under the Note.
+Added: The Note was issued pursuant to
+Added: a Convertible Loan Agreement with Roran (the “
Loan Agreement ”).
1 unchanged sentence
at 12% per annum.
−Removed: All outstanding principal and accrued interest on the Note is due and payable on the maturity date, which is
+Added: All outstanding principal and accrued interest on the Note is due and payable on the maturity date, which was
March 19, 2019.
10 unchanged sentences
meet its obligations under the terms of the Note or the Loan Agreement, the Note shall become immediately due and payable and
−Removed: subject to penalties provided for in the Note.
−Removed: The foregoing descriptions of the Loan Agreement and the Note do not purport to
−Removed: be complete and are qualified in their entirety by the terms and conditions of the Loan Agreement and the Note.
+Added: subject to penalties provided for in the Note, which has matured and is currently in default, although the parties are discussing
+Added: an extension.
+Added: The foregoing descriptions of the Loan Agreement and the Note do not purport to be complete and are qualified in
+Added: their entirety by the terms and conditions of the Loan Agreement and the Note.
Note issued under the Loan Agreement was offered and sold without registration under the Securities Act in reliance on the exemptions
1 unchanged sentence
under applicable state laws.
−Removed: UPON SENIOR SECURITIES
−Removed: SAFETY DISCLOSURES
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.