Single Column Posts

3 min read

Jeff Horn and Tim Tszyu will be aired live in the United States, as ESPN+ have picked up the fight, which will stream at 5...

5 min read

Indy 500 live: In a normal season is that the finale of what is commonly known as the Month of May in IndyCar racing. The...

4 min read

PSG vs RB Leipzig Live :Are two clubs which have made many enemies among football fans, but maybe not to the way they playwith. On...

4 min read

RB Leipzig v Paris Saint-Germain live stream: How to watch Champions League clash for free – kick-off time, TV Channel and radio coverage.Semifinals start Tuesday...

4 min read

Nets vs Raptors live :After two weeks of seeding games, the action inside the bubble at Disney World will continue with the 2020 NBA Playoffs....

3 min read

Raptors vs Nets Live : After Fourteen Days of seeding Matches, the action in the bubble at Disney World will last using the 2020 NBA...

4 min read

The Utah Jazz do Not have a Solid track record Contrary to the Denver Nuggets this season. Denver won all three matchups this season, all...

5 min read

Barcelona player talks about tonight's Champions League quarter-final against his former club Bayern Munich. The midfielder is well-known for his self-sacrificing style of drama and...

5 min read

Present Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well-known for his self-sacrificing style of...

6 min read

Current Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well known for his self-sacrificing manner...

October 21, 2020

The Post Wired

News On Trending

Dr. Georg Josef Pollert Declares Further Ownership in the Securities of Blue Star Gold Corp.

Spread the love

Dr. Georg Josef Pollert who is the Blue Star Gold Corp. director and principal shareholder has set an announcement of acquiring ownership of 3,175 Units of the Company at a price of $1,000 per Unit.

According to the details provided, each Unit is comprised of 20,000 Debentures and 20,000 Warrants, with each Warrant convertible into Company’s common shares against the exercise price of $0.075 per Share until July 3, 2023.

As a result of the acquisition of the 3,175 Units, Debentures were issued to Dr. Georg at the principal amount of $3,175,000 and 63,500,000 Warrants.

The Debentures hold annual interest rate of 7.5% which is payable in advance for each year as of issuance date and interest for the first year will be payable from the first day after the issuance date. The company will pay the interest by issuing Shares to Mr. Georg (Acquiror) in a number that is equivalent to a simple annual interest rate of 7.5% based on the market price of the Company’s Shares at the due date after the approval by TSX Venture Exchange and until the Maturity Date.

The Debentures issue to the Acquiror can converted into Shares without any additional consideration. Debentures are convertible in first year at a price of $0.05 per Share and $0.10 per Share in the next two years. While the number of Shares that the company can issue against the amount of interest will depend on the stock market price at the time of conversion.

Mr. George ownership represented approximately 25.03% of the Company’s issued and outstanding Shares before this Private Placement. While he had

  • 35,695,542 Shares,
  • 1,000,000 Options,
  • 34,000,000 Warrants, and
  • 44,000,000 Debentures, and
  • he was conditionally entitled to receive a maximum of 5,435,542 loan bonus shares.

After the new Private Placement on July 3, 2020 and issuance of 3,175 Units, the Mr. Georg now owns

  • 35,695,542 Shares,
  • 1,000,000 Options,
  • 97,500,000 Warrants, and
  • 107,500,000 Debentures, and
  • is conditionally entitled to receive a maximum of 5,435,542 Loan Bonus Shares.

Mr. Georg acquired the Units for investment purposes. He can increase or decrease its ownership of securities as the circumstances or market conditions warrant.