Building your Future Today

Baker Corp. Is Required By A Debt Agreement

We`re going to have this Baker`s body. In a debt contract, it is required to maintain a current ratio of at least 2.5. Suppose the additional amount of outstanding is X, and then to find out how much you can extend short-term debt and stocks in the current short-term asset ratio and short-term liabilities formula, you have to add an amount that is so high that the result is 2.5. It is given that the baker`s current ratio is now 3 and their total fortune is $15 million. We can calculate short-term commitments as follows; In accordance with the loan agreement with BSRT, the shares must be delivered to BSRT within 14 days of the interest payment date of October 10, 2020. The issuance of the shares is subject to the approval of the TSX-V. AZARGA METALS CORP. (“Azarga Metals” or “The Company”) (TSX-V:AZR) sent a statement to Baker Steel Resources Trust Limited (“BSRT”) indicating that it wished to use its option to pay semi-annual interest on convertible debt securities of $3.5 million (fixed to $4.692,550) in BSRT shares. Interest due October 10, 2020 is settled at $192,330 $US, settled by the issuance of 2,747,575 common shares at a price of 0.07 $US per share, which corresponds to the closing price of October 8, 2020. Precaution: This press release contains forward-looking statements based on the company`s current expectations and estimates. Forward-looking statements are often characterized by words such as “plan,” “wait,” “project,” “believe,” “anticipate,” “estimate,” “suggest,” “indicate” and other similar words or statements, that certain events or conditions “may” or “may” occur. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from the estimated or expected events or results implied or expressed in such forward-looking statements. These factors include, among other things, the actual results of ongoing planned exploration activities; The findings of economic assessments; Changes to project parameters, as plans still need to be refined; Possible changes in ore quality or recovery rates accidents, labour disputes and other risks related to mining; Delays in obtaining government approvals or funding; and fluctuations in metal prices.

There may be other factors that cause actions, events or results not to be estimated or considered as expected. Any forward-looking statements are made only as of the date on which it is made and, unless required by applicable securities law, the Company refuses any intention or obligation to update any forward-looking statements, whether on the basis of new information, future events or results or by any other means. Forward-looking statements are not a guarantee of future performance and should therefore not be based on such statements because of the uncertainty inherent in them. calculating the amount of additional stock that the baker can buy without breaching his debt contract; The maximum that should increase debt and short-term inventories is $1,666,667. Now, solve this equation for X, we get X -1.66667 Current Ratio – Current Assets /Current Liabilities. For more information, please contact: Doris Meyer, 604-536-2711 ext. 6, visit or follow us on Twitter @AzargaMetals. The headquarters of Azarga Metals is Unit 1 – 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada. Neither TSX Venture Exchange nor its regulatory service provider (as defined in the TSX Venture Exchange guidelines) assumes responsibility for the adequacy or accuracy of this publication.