EQR eq resources limited

Ann: EQR Secures $3M Investment from Square Resources, page-8

  1. 3,825 Posts.
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    My understanding is that the $3M plus 9% interest becomes $3.27M after the one year, which EQR can then convert to equity at 7.5 cents/share and so issue 43.6M shares to the note holder. Plus another 10M options at 10 cents/share.

    Seems like a big vote of confidence to me.
 
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Last
3.6¢
Change
0.001(2.86%)
Mkt cap ! $102.3M
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3.6¢ 3.6¢ 3.6¢ $97.84K 2.717M

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No. Vol. Price($)
1 75299 3.6¢
 

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Price($) Vol. No.
3.7¢ 898626 6
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