Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Sales
of Securities
There
have been no sales of unregistered securities during the quarter ended March 31, 2021 and from the period from April 1, 2021 to the filing
date of this Report, which have not previously been disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended
December 31, 2020, or in a Current Report on Form 8-K.
Prior
Issuer Purchases of Securities
Period
Total number of shares (or units) purchased
Average price paid per share
(or unit)
March 1, 2020 to March 31, 2020 (1)
149,557
$ 1.00
September 1, 2020 to September 30, 2020 (2)
13,137,757
$ 0.03
January 1, 2021 to January 31, 2021 (3)
127,500
$ 0.39
Total
13,414,814
$ 0.04
(1) During
the six months ended March 31, 2020, the Company came to a settlement with First Fire Global
Opportunity Fund, LLC (“ First Fire ”) and purchased back 149,557 shares
of common stock previously issued to First Fire in consideration for $150,000 and recorded
such shares as Treasury Stock.
(2) During
the twelve months ended September 30, 2020, the Company came to a settlement with Michael
De La Garza and purchased back 13,137,757 million shares of common stock in consideration
for $400,000.
(3) During
the six months ended March 31, 2021, the Company came to a settlement with James LeGanke,
as Trustee of Carmel Trust II and purchased back 127,500 shares of common stock and 1,000,000
shares of Series A Preferred Stock, in consideration for $50,000, and recorded such common
shares as Treasury Stock.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINING SAFETY DISCLOSURES
Not
applicable.
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