Wasn't referring to QMC being a subsidiary Pasaca
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Posted On: 02/17/2023 5:36:58 PM
Wasn't referring to QMC being a subsidiary Pasaca Capital at all.
Referring to stock that Pasaca Capital has purchased already..
Referring to stock that Pasaca Capital has purchased already..
Quote:).
On January 26, 2021, Quantum Materials Corp. (the “Company”) and Pasaca Capital Inc. (“Pasaca”) entered into a Securities Purchase and Financing Agreement (the “Purchase Agreement”). Pursuant to the terms of the Purchase Agreement, at the first closing, Pasaca will convert three previously issued promissory notes made by the Company payable to Pasaca and loan to the Company an additional $1,500,000 pursuant to a certain Secured Convertible Promissory Note (the “Convertible Note”) made by the Company payable to Pasaca in the principal amount of $4,500,000 (the “Senior Note”). The Senior Note is convertible into 154,228,625 shares of the Company’s common stock (the “Note Shares”
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