Nevada Clean closes $50,000 first tranche of placement
NEVADA CLEAN MAGNESIUM CLOSES FIRST TRANCHE OF CONVERTIBLE NOTE FINANCING Nevada Clean Magnesium Inc. has closed the first tranche of the non-brokered private placement of unsecured convertible notes announced on Jan. 8, 2016, in the amount of $50,000 composed of one million shares. No finders’ fees were paid in connection with the first tranche of the financing. The principal amount of the convertible note will bear interest at 20 per cent per annum, and any accrued but unpaid interest...
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