BINGHAM CANYON CORP Just Filed Its Quarterly Report: NOTE 12. SUBSEQUENT ...

NOTE 12. SUBSEQUENT EVENTS

 

On October 1, 2020, the Company sold future receivables with a non-related party for $199,500, of which $97,950 was loan fees, original issue discount and reserve resulting in cash proceeds to the Company of $101,550. The advance is to be repaid through $3,841 weekly payments. In connection with the advance, the Company granted the lender a security interest any and all past, present and future assets of the Company.

 

On October 7, 2020, the Company entered into a convertible promissory with a non-related party for $200,000. The note is due on October 7, 2021 and bears interest on the unpaid principal balance at a rate of 5% per annum. The Note may be converted by the Lender at any time after 180 days of the date of issuance into shares of Company’s common stock at a conversion price of $0.20.

 

On October 5, 2020, 50,000 shares of preferred series C stock was converted into common stock resulting in the issuance of 5,000,000 shares of common stock.

 

On October 6, 2020, the Company issued 3,500,000 common shares at $0.02 for proceeds of $70,000.

 

On October 7, 2020, the Company entered into a Services Agreement with a consultant for services for a period of six months. In consideration for services the Company issued 5,000,000 shares of common stock.

 

On October 16, 2020, the Company entered into a convertible promissory with a non-related party for $200,000. The note is due on October 16, 2021 and bears interest on the unpaid principal balance at a rate of 5% per annum. The Note may be converted by the Lender at any time after 180 days of the date of issuance into shares of Company’s common stock at a conversion price of $0.20.

 

On November 11, 2020, the Company entered into a convertible promissory with a non-related party for $300,000. The note is due on November 11, 2021 and bears interest on the unpaid principal balance at a rate of 5% per annum. The Note may be converted by the Lender at any time after 180 days of the date of issuance into shares of Company’s common stock at a conversion price of $0.15.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

BINGHAM CANYON CORP Just Filed Its Quarterly Report: Basic and Diluted Lo... - Sept. 24, 2021

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