convertible note

Golden Lake Exploration (GOLXF) secured a C$50,000 convertible note with a 10% annual interest rate, maturing on December 31, 2025. The funds will ensure its Jewel Ridge claims remain active through payments to the U.S. Bureau of Land Management. The outstanding capital can be converted into common shares at $0.05 each, subject to a four-month hold. This financing aims to maintain the mining claims but introduces potential shareholder dilution.

Denali Capital Acquisition Corp (DECA) extended its business combination deadline to July 11, 2025. To support this, they deposited $874.78 into their trust account, funded by a convertible promissory note from Scilex (SCLX). The note, with a $180,000 principal cap and no interest, converts to DECA shares at $10.00 each. Remaining funds from the note are available for future extensions.