Tue, Jul 22, 2014, 8:39 AM EDT - U.S. Markets open in 51 mins.

Recent

% | $
Click the to save as a favorite.

WITS BASIN PRECIOUS Message Board

  • redsnake54 redsnake54 Dec 3, 2008 9:36 AM Flag

    Another note due?

    From the last 10Q. After all the options, how many shares outstanding? Looks like way over 150 million shares. Anyone?

    "On October 23, 2008, we paid $1,441,000 of accrued interest to China Gold from the proceeds of the $1.85 million Shaanxi Hua Ze Nickel refund. On November 10, 2008, the parties entered into Amendment No. 2 to the CNPA, whereby the Notes were cancelled and we issued to China Gold an Amended and Restated Promissory Note (the "Amended Note") in the aggregate principal amount of $9,800,000, which amongst other amendments to the terms of the Notes, terminated the conversion feature of the Notes and terminated the Purchase Rights. In consideration thereof, we have issued China Gold a five-year warrant to purchase up to 39,200,000 shares of the our common stock at an exercise price of $0.15 per share. The Amended Note interest rate is 12.25% per annum. The principal and unpaid interest is due and payable at the earlier of (1) China Gold's demand at any time on or after December 31, 2008 or (2) to the extent funds are available, upon the closing of our proposed acquisition of the Sudan and XNS iron ore properties."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
WITM
0.060.00(0.00%)

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Herbalife Ltd.
NYSEMon, Jul 21, 2014 4:00 PM EDT
Netflix, Inc.
NasdaqGSMon, Jul 21, 2014 4:00 PM EDT