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Comstock Inc. Retires Equity Purchase Agreement Amid New $2.5 Million Investment
Contract Type
agreement
Virginia CityOtherManufacturingEnergyReal EstateDescription
Comstock Inc. has terminated its existing Equity Purchase Agreement and replaced it with a securities purchase agreement with an investor for an 8.0% Convertible Promissory Note due October 31, 2025, involving an original aggregate principal amount of $2,717,500. The investor purchased the Convertible Note for $2,500,000, facilitating the retirement of certain debt obligations and providing support for the company's near-term asset sales.