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CONVERTIBLE DEBTS DISCLOSURE: Schedule of Debt Conversions Terms (Tables)
6 Months Ended
Sep. 30, 2019
Tables/Schedules  
Schedule of Debt Conversions Terms

 

Six months ended September 30,

2019

2018

Number of new loan notes issued

25

14

Total amount of the loans

$                            1,869,700

$                                    752,550

Interest rates

from 8% to 12%

from 8% to 12%

Period of loans

nine months to one year

nine months to one year

Conversion terms

The conversion price is a variable conversion price which varies from 60 % the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date.

The conversion price is a variable conversion price which varies from 58% to 61% of the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date.

Prepayment terms

Prepayment at premium ranging from 110% to 150% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days

Prepayment at premium ranging from 110% to 135% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days