reports that on between September 8, 2022 and February 29, 2024, he acquired on a direct or an direct basis through the Playford Family LP , of which Mr. Baterina is a trustee, ownership and direction or control over the following securities of Christina Lake Cannabis Corp. with a face value of $400,000 on September 8, 2022 through a non-brokered private placement.
A Note* of the Company with a face value of $98,000 on November 3, 2023 through a non-brokered private placement. The Note matures on November 3, 2026 and is secured by land and buildings. The Note bears interest at a rate of 15% per annum, with such interest to be accrued on a monthly basis and paid on a monthly basis. From month 16 to maturity the monthly payments convert into blended principal and interest payments. The Note is convertible into Common Shares of the Company at a price of $0.
A Note of the Company* with a face value of $1,000,000 on February 29, 2024 through a non-brokered private placement. The Note matures on February 28, 2029 and is secured by land and buildings. The Note bears interest at the rate of 10% per annum in the first 12 months, 15% per annum in the second 12 months, and 20% per annum for the remaining 36 months with such interest being accrued on a monthly basis and paid on an annual basis in the first 24 months.