Bemax, Inc. Just Filed Its Quarterly Report: NOTE 11 - SUBSEQUENT...

NOTE 11 - SUBSEQUENT EVENTS

 

In accordance with ASC 855-10, Subsequent Events, we have analyzed our operations subsequent to August 31, 2017, through the date the unaudited financial statements were available to be issued, and have determined that we do not have any material subsequent events to disclose in these unaudited financial statements other than the following.

 

On September 29, 2017, JSJ Investments converted $15,000 of principle into 6,666,666 shares of common stock.

 

On October 9, 2017, the Company executed an Agreement for IR Services. The agreement is for six months and requires a fee of 10 million shares of common stock. The first 5,000,000 shares of common stock are required upon the execution of the agreement and were granted by the Board of Directors on October 10, 2017. The next 2.5 million shares are due in thirty days and the remaining 2.5 million, thirty days after that.

 

On October 11, 2017, JSJ Investments converted $19,374 of principal into 15,376,567 shares of common stock.

 

On October 24, 2017, the Board of Directors approved amending the Articles of Incorporation to increase the Company’s authorized stock to 1,050,000,000 shares; consisting of 950,000,000 common shares and 100,000,000 Series B preferred.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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