posted on
Feb 07, 2014 10:30AM
From Eli's Coming:
Presently there are 3 funding sources in play...
the JMJ loan from August 14th---of which $150K plus interest and fees are convertible, in whole or part, next week...also tapped an additional $75k in December, convertible in June...
the GCA Strategic Investment Fund Limited $250K loan from Nov 18th which is convertible, in whole or part, 183 days from closing---mid-May 2014...
the KVM S-1 registered offering---shares of which are immediately free trading upon puts by the company as they are registered shares---no idea if we have dipped into this yet...
we wait for the partner to provide funding for drilling...