7 Dec 2012capital raising announcement▼ Bad
The company (filing as Global Immune Technologies) said that on December 4, 2012 it signed non-interest-bearing promissory notes for $108,500 to a related party and $100,000 in total to five other parties. Each note carries warrants: 5,425,000 and 5,000,000 shares respectively at $0.02 expiring December 4, 2013, plus 'B' warrants at $0.25 expiring December 4, 2014. It also issued 2,400,000 shares around December 5, 2012 to five people who had subscribed in July and August 2012, settling a $5,800 share payable. This adds new debt and potential dilution if the warrants are exercised.