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Livento Group, Inc. (OTC Pink:NUGN) disclosed Wednesday that it entered into a financing agreement with Vanquish Funding Documents Inc. on Monday. According to a statement based on a recent SEC filing, the agreement provides Livento Group with funding in the amount of $75,600.
The financing carries an interest rate of 22% per annum and is set to mature on April 15, 2026. Under the terms of the agreement, any unpaid amounts under the note may be converted into common shares of Livento Group. The conversion price is set at a 35% discount to the lowest trading price of the company’s common stock over the ten days prior to the conversion date.
Livento Group is incorporated in Nevada and its common stock trades on the OTC Pink market under the symbol NUGN. The agreement was signed by David Stybr, President of Livento Group.
This information is based on a statement in the company’s Form 8-K filed with the Securities and Exchange Commission.
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