|March 28, 2018|
Stockport Exploration Inc. Announces Proposed Extension of Convertible Notes
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OR DISSEMINATION IN THE UNITED STATES
Halifax, Nova Scotia, March 28, 2018 -- Stockport Exploration Inc. (TSXV: SPT) ("Stockport" or the "Company")</a> announces that its $295,000 loan financing (the "Loans") from various directors, officers, and other private investors of the Company of 15% unsecured convertible notes (the "Notes") will have the maturity date extended by eighteen (18) months, subject to TSX Venture Exchange approval. Under the terms of the financing, the principal amount of the Loans bear interest at 15% per annum, payable quarterly and will be repayable by the Company on or before September 27, 2019 (formerly March 27, 2018) (the "Maturity Date"). The principal amount of the Notes is convertible into common shares of the Company at the election of the holder at the rate of $0.05 of principal converted per share (post Amalgamation with Sona Nanotech Ltd - $0.20 per share).
For More Information
For more information about Stockport, please contact:
President and Chief Executive Officer
Telephone: (902) 442-7192
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You can view the Previous News Releases item: Mon Mar 26, 2018, Stockport Exploration Inc. Announces Definitive Agreement for Amalgamation With Sona Nanotech Ltd.
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