Unregistered Sales of Equity Securities and Use Of Proceeds
−Removed: Company had the following unregistered sale of equity securing during the three months ended September 30, 2024.
+Added: Company had the following unregistered sale of equity securing during the three months ended December 31, 2024.
All shares were issued
under Section 4(a)(2) of the Securities Act of 1933 as follows:
−Removed: July 1, 2024 the Company sold 6,459,985 shares to GHS at approximately $0.0066 per share for gross proceeds of approximately $43,000
−Removed: July 12, 2024 the Company issued 10,000,000 shares to Streeterville to settle a $90,000 obligation that was partitioned from the
−Removed: restructured senior note outstanding.
−Removed: July 25, 2024 the Company issued 12,289,157 shares to GHS to satisfy the conversion of 85 Series E preferred shares
−Removed: August 13, 2024 the Company sold 14,646,861 shares to GHS at approximately $0.0042 per share for gross proceeds of approximately
−Removed: August 24, 2024 the Company sold 21,276,661 shares to GHS at approximately $0.0031 per share for gross proceeds of approximately
+Added: On November 7, 2024 the
+Added: Company sold 20,000,000 shares to an investor for gross proceeds of $106,975
Defaults upon Senior Securities
1 unchanged sentence
of approximately $29.9 million:
−Removed: 2023 Note with a balance due of approximately $221,000
−Removed: August Note Payable with a balance due of approximately $27 million
−Removed: Senior Note Payable with a balance due of approximately $2.6 million
−Removed: the Company’s Series G preferred shares, which had a redemption value of $820,000 were required to be redeemed as of December of
+Added: January 2023 Note with
+Added: a balance due of approximately $221,000
+Added: Restructured August Note
+Added: Payable with a balance due of approximately $27 million
+Added: Restructured Senior Note
+Added: Payable with a balance due of approximately $2.6 million
+Added: the Company’s Series G preferred shares, which had a redemption value of $820,000 were required to be redeemed as of December
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.