Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In addition to no unregistered
sales of the Company’s equity securities during the 2022 Quarter that were previously disclosed in a Current Report on Form 8-K,
the Company completed the unregistered sales disclosed below.
On May 17, 2022 the Company
sold 50,000 shares of restricted common stock to an accredited investor at a purchase price of $0.50 per share for gross proceeds of $25,000
under an exemption from registration provided by Section 4(a)(2) of the Securities Act. The Company did not pay any fees or commissions.
The proceeds shall be used for working capital.
On July 14, 2022, the Company
sold 72,000 shares of restricted common stock at a purchase price of $0.50 per share to an accredited investor for gross proceeds of $36,000.
The shares were issued pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act. The Company did
not pay any fees or commissions. The proceeds shall be used for working capital.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4.
MINE SAFETY DISCLOSURES
Not Applicable.
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