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CONVERTIBLE PROMISSORY NOTE
6 Months Ended
Jul. 31, 2020
Notes to Financial Statements  
CONVERTIBLE PROMISSORY NOTE

9. CONVERTIBLE PROMISSORY NOTE

 

On June 9, 2020, the Company issued a 90-day unsecured convertible promissory note in the amount of $25,000, with interest at 12% interest per annum and maturing on September 7, 2020. The unsecured convertible promissory note is convertible into shares of common stock of the Company at $0.20 per share, which was in excess of the closing market price of the Company’s common stock on June 9, 2020 of $0.07 per share.