On September 18, 2012, Varca Ventures, Inc. and Wildcat Mining Corp. entered into a letter agreement with Sarasota Varca II, LLC to amend the terms of that certain $600,000 loan from Lender to Varca. Pursuant to the letter agreement, Lender's option to convert any balloon payment of outstanding principal and all accrued and unpaid interest into shares of company's common stock at $0.25 per share was adjusted to $0.10 per share in exchange for certain services and accommodations to be made by Lender.
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- Varca Ventures, Inc. and Wildcat Mining Corp. Announce to Amend Terms of $600,000 Loan