Mitesco, Inc. announced a private placement of Diamond promissory note for proceeds of $15,000, Howe promissory note for $15,000, Lindstrom promissory note for $15,000, Iturregui promissory note for $15,000, Naqvi promissory note for $15,000, Schweitzer promissory note for $15,000, Brodmerkel promissory note for $15,000 for total gross proceeds of $?135,000? on November 29, 2022. The transaction includes participation from Lawrence Diamond for Diamond promissory note, Michael C. Howe Living Trust for Howe promissory note
Ingrid Jenny Lindstrom for Lindstrom promissory note, Juan Carlos Iturregui for Iturregui promissory note, Faraz Naqvi for Naqvi promissory note, Sheila Schweitzer for Schweitzer promissory note, Brodmerkel for Brodmerkel promissory note. The maturity date for all the notes is May 28, 2023. The notes have an interest rate of 10% per annum, accrued monthly and payable at maturity. The principal amount of the note shall convert into the series E shares in accordance with the terms of the Exchange Agreements entered into between the company and the Lender, if the company successfully lists its common stock on a national securities exchange on or before May 10, 2023.