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which one because 8k from 1/13 clearly stated tha

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Post# of 2290
Posted On: 02/06/2016 12:05:35 PM
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Posted By: james360
Re: janetcanada #1918
which one because 8k from 1/13 clearly stated that BRWC has a BRIDGE LOAN.

Section 3 - Securities and Trading Markets

3.02       Unregistered Sales of Equity Securities

 

On January 5, 2016, Boreal Water Collection, Inc. entered into an agreement with Mr. Abdul Aziz Al Athel (“subscriber”). The Agreement is for $250,000 of Secured Debentures and Common Share Warrants in Units of $1000.00. Each Unit contains one 7.5% interest bearing Secured Debenture in the principal amount of $1000.00 and a Warrant to purchase 1,352,532 common shares at an exercise price of $0.0075 per share. Interest is payable semi-annually. The debenture is re-payable 24 months after the closing date. The security is a “mortgage on the assets of the company” junior to the “existing bridge loan mortgage and line of credit.” The warrant exercise period is 2 years from the date of issuance; and may be subscribed in whole or in part on a total of 2 occasions. If all the Warrants are exercised, a total of 338,133,000 common shares will be issued.



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