Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The information set forth below relates to our issuances of securities without registration under the Securities Act of 1933.
During the six months ended June 30, 2019, we issued:
· 4,500,000 shares issued for cash of $360,000
· 4,508,510 shares issued for settlement of debt of $269,840
· 4,173,000 shares issued for services valued at $450,034
· 50,000 shares issued for forbearance of debt of $2,900
· 33,821,613 shares issued for conversion of debt of $701,500
· 3,233,586 shares issued for cashless exercised warrant
These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock.
Item 3. Defaults upon Senior Securities
None
Item 4. Mine Safety Disclosures
N/A
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.