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Lode Gold Resources Inc. — Capital/Financing Update 2022
Jun 8, 2022
43905_rns_2022-06-08_645555f4-2f82-4284-8302-899ff2a3a6cf.pdf
Capital/Financing Update
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MATERIAL CHANGE REPORT FORM 51-102F3
Item 1. Name and Address Stratabound Minerals Corp. (the “ Company ”) 100 King Street West Suite 5700 Toronto, ON M5X 1C7 Item 2. Date of Material Change June 8, 2022 Item 3. News Release
The news release describing the material change was disseminated on June 8, 2022 through Newsfile Corp and filed on SEDAR.
Item 4. Summary of Material Change
The Company announced it has arranged a loan extension with Romspen Investment Corporation, (the "Lender") to extend the maturity date of the loan payable to June 30, 2023 with the same prior terms, subject to a loan extension fee of $11,879. The Company will issue a warrant certificate on June 30, 2022 evidencing the issuance of 300,000 replacement share purchase warrants of the Company.
Item 5. Full Description of Material Change 5.1 Full Description of Material Change
The Company announced it has arranged a loan extension with Romspen Investment Corporation, (the "Lender") to extend the maturity date of the loan payable to June 30, 2023 with the same prior terms, subject to a loan extension fee of $11,879. The Company will issue a warrant certificate on June 30, 2022 evidencing the issuance of 300,000 replacement share purchase warrants of the Company ("Warrants") which provides for (a) a Warrant Strike price equal to the greater of $0.085 and the market price of the Company’s shares on the date the warrants are issued, (b) a Warrant expiry date that is the same as the Maturity Date and (c) an acceleration clause providing that if the Company’s shares trade above $0.25 for more than a 10-day period, the Company has the ability to accelerate the expiry date of the Warrants, and any other additional documents executed by Borrower and/or Guarantor as required by Lender in connection with this Amendment.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
No information has been omitted in respect of this material change.
Item 8. Executive Officer The following executive officer of the Company is knowledgeable about the material change disclosed in this report and may be contacted as follows: R. Kim Tyler, President Telephone: 416 915-4157
Item 9. Date of Report
June 8, 2022.