Item 5.01 Changes in Control of Registrant.
On
As a result of the Purchase, the Purchaser owns approximately 100% of the fully diluted outstanding equity securities of the Company and approximately 100% of the voting rights for the outstanding equity securities.
The purchase price for the Preferred Stock was paid in cash. The consideration for the purchase was provided to the Purchaser from the individual's private funds. The Purchase of the Preferred Stock was the result of a privately negotiated transaction which consummation resulted in a change of control of the Registrant.
No common shares were issued in the transaction.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
As a result of the Purchase and change of control of the Registrant, the existing officer, and director of the Company, Scott Sitra, President Secretary, and Treasurer have resigned.
Under the terms of the stock purchase agreement, the new controlling shareholder
was permitted to elect representatives to serve on the Board of Directors to
fill the seat(s) vacated by prior directors. Mr.
The Company will use the Preferred shareholder's Twitter and social media account to dissimilate any future corporate actions (@MinaMarGroup) | Twitter
and via the Preferred shareholder email corporate@minamargroup.com for non-public dissimilation
Mr.
Additional Information
As of the date of this filing, the Company has not entered into any material plans, contracts, or other arrangements (whether or not written) with its new officers and directors.
There are no arrangements or understandings among members of both the former and new control person and their associates with respect to the election of directors of the Company or other matters.
Item 8.01 Other Events
The issuer changed control in a civil and amicable fashion. The issuer carries
approximately
Under the terms of the agreement (control block), the interim management will resign and introduce new management and a new operating entity will be operating within the auspices and direction of the issuer and the new long term management.
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