Ann: Adidi-Kanga Gold Project Acquisition and Update, page-190

Quote - “The convertible note has a 90-day standstill preventing the Investors from converting during this standstill period.

At the time of executing the convertible note facility, the Company had 407,973 shares remaining under its 15% placement capacity and thus the convertible note currently provides for the Investors to convert a maximum of 407,973 conversion shares, until the Company seeks shareholder approval for the facility which must be done within the next 60 days.” End quote.


If the notes could be converted

$4.75M = ~264m shares @ 1.8c At this stage, no can do only 407,973 available! So why the standstill if it started late Feb and when does it actually start?