On November 22, 2016, Real Estate Contacts Inc. (the Company) issued 40,000,000 shares of its common stock as follows:
20,000,000 shares to sole Director, Robert DeAngelis, as an annual bonus pursuant to his employment agreement.
Another 20,000,000 shares to persons in consideration for services to be rendered over the next two years pursuant to 2 year employment or consulting agreements.
The shares were valued at $0.06, which is 50% of the average price for which the Company stock sold during the ten (10) trading days ending November 22, 2016 ($0.12 per share), as reported on OTCMarkets website.
The issuance of the shares described above was made without registration under the Securities Act of 1933, as amended (the Act), in reliance on the exemptions provided by Section 4(a)(2) of the Act and Regulation D under the Act. No advertising or general solicitation was made in connection with the sale and issuance of the Companys common stock.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
REAL ESTATE CONTACTS, INC.
November 22, 2016
/s/ Robert DeAngelis
Chief Executive Officer
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Other recent filings from the company include the following:
Current report, items 1.01 and 9.01
- Jan. 17, 2020
On January - Jan. 15, 2020
Real Estate Contacts: Definitive Agreement And Plan Of Merger And Reorganization - Dec. 27, 2019