- The Company entered into conversion agreements with two debt holders for the purpose of converting an aggregate of $300,638.73 USD in current liabilities into units of the Company's common shares at $0.20 USD per unit. Each unit will consist of one share of the Company's common stock and one warrant to acquire an additional share of the Company's common stock exercisable at $0.30 USD for a period of 24 months;
- The Company entered into a new loan agreement with an investor for $450,000 USD. The loan will carry an annual interest rate of 15% and is due on demand;
- The Company entered into subscription agreements with two investors for the sale of 2,250,000 units at $0.20 USD per unit for aggregate proceeds of $450,000 USD. Each unit will consist of one share of the Company's common stock and one warrant to acquire an additional share of the Company's common stock exercisable at $0.30 USD for a period of 24 months.
Intelimax Completes Financing For The Development And Marketing Of Its New Gaming Platform
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