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Wildsky Resources Inc. Announces Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2020) - Wildsky Resources Inc.  ...
About this update from Wildsky Resources Inc.
[{"type":"text","content":"Wildsky Resources Inc. Announces Private Placement of Convertible DebenturesVancouver, British Columbia--(Newsfile Corp. - March 10, 2020) - Wildsky Resources Inc. (TSXV: WSK) (the \"Company\") is pleased to announce a non-brokered, private placement (the \"Offering\") of debentures (the \"Debentures\") of the Company at a price of $1,000 per Debenture for gross proceeds of $200,000. Each Debenture has the following terms and conditions attached:Term: twelve (12) months from the date of issuance of the Debentures, subject to an option on the part of the holders thereof to extend the maturity to twenty-four (24) months from the date of issuance of the Debentures.Interest Rate: the Debentures shall bear a simple interest of ten percent (10%) per annum, accrued monthly, and payable at maturity.Security: The Debentures shall be unsecured.Conversion: The Debentureholder may, at any time and from time to time up to maturity, elect to convert the outstanding Debentures and any interest accrued and unpaid thereon into common shares in the capital of the Company (the \"Conversion Shares\") at a price of $0.10 per Conversion Share.The Company intends to use the net proceeds from the Offering for the acquisition of the Exploration Licenses in Nigeria and for general working capital.About Wildsky Resources Inc.Wildsky Resources Inc. is a Canadian based exploration and development company with an office located in Vancouver, B.C. The Company's goal is to create value for its shareholders through continuously looking for new properties to acquire globally through its international connections and talent resources.For more information on Wildsky Resources, please contact the Company at (778) 889-4966, or visit the Company's website at www.wildskyresources.com.ON BEHALF OF THE BOARD OF DIRECTORS\"signed by Wenhong Jin\"Wenhong JinPresident and CEONeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.Cautionary Statement Regarding \"Forward-Looking\" InformationStatements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Wildsky Resources' periodic filings with Canadi...