16 May 2024capital raising announcement▲ Good
Liu Marketing converted its one remaining outstanding note ($51,319 including interest) into 114,043 shares, fully winding down the Liu Marketing note-financing relationship into equity.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2023capital raising announcement▲ GoodMajor
Fuse Group sold Liu Marketing one more $50,000 note, then Liu Marketing elected to convert its entire accumulated position - twelve notes issued between February 2022 and May 2023, totaling $716,767 in principal and interest - into 1,592,816 shares at $0.45/share, wiping out roughly a year and a half of accumulated debt and making Liu Marketing a substantial shareholder.
17 Mar 2021capital raising announcement● NeutralMajor
Weeks after its Mexican mining deal, Fuse Group announced a second, much larger acquisition in a completely different field: 100,000,000 new shares to buy E-Mo Biotech Holding, a biology R&D company - a deal so large it would hand control of Fuse Group to E-Mo's largest owner (about 32% of the combined company), surpassing longtime majority shareholder Landbond.
16 Feb 2021capital raising announcement▲ GoodMajor
Fuse Group agreed to acquire Portafolio en Investigacion Ambiental, a Mexican company owning five mines, for 14,285,715 new shares - its first real move into operating mining assets after years as a shell/software company.
2 July 2018capital raising announcement● NeutralMajor
Fuse Enterprises eliminated the $6.87 million related-party promissory note owed to majority shareholder Landbond Home Limited by converting it into 19,628,050 new shares at $0.35/share - erasing the debt but further entrenching Landbond's control.