, holders of Bemax Inc ("Company") Convertible Notes due between October 19, 2016 and December 9 2016 (the "Notes"), had converted principal and interest due under the Notes in the aggregate amount of $315,072 to 184,748,966 shares of Common Stock. The Notes were originally issued by the Company between the periods of April 19, 2016 to June 9, 2016 at an aggregate original value of $302,750.

Asof January 10, 2017, there were 451,640,836 shares of Common Stock issued and outstanding following the above noted conversion of the convertible Notes, all as described above.

The above noted convertible Notes including principal and interest are now 100 percent converted to the Company's common stock.

SIGNATU RES

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.

BEMAX INC.

(Registrant)

Date: January 12, 2017

By: /s/ Taiwo Aimasiko

President/CEO

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Other recent filings from the company include the following:

Bemax, Inc. Just Filed Its Quarterly Report: NOTE 11 - SUBSEQUEN... - Jan. 12, 2018
On January - Jan. 12, 2018

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