KBL 0.00% 0.1¢ kbl mining limited

yes only 2 more of the current crop. People voted to allow them...

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    yes only 2 more of the current crop. People voted to allow them to issue more. So they may not be the last.

    Resolution 7
    Issue of further Convertible Notes to Investor
    The Company has entered into a Convertible Securities Agreement (Facility) with the Investor, for up to a further $3,000,000 in funding over the next 15 months by the issue of up to a further six (6) tranches of unsecured Convertible Notes (each a Convertible Note Tranche). Each Convertible Note will be issued with a face value of $10,000 and the total value per Convertible Note Tranche will be between $150,000 and $500,000 each. These Convertible Notes Tranches are in addition to the Convertible Notes already issued.



    They will run out of the ability to issue shares soon. That could be a problem for their cash flow.
 
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Currently unlisted public company.

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