Defense Technologies International Corp. (OTCMKTS:DTII) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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Defense Technologies International Corp. (OTCMKTS:DTII) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On July 24, 2017, Defense Technologies International Corp. entered into a Funding Agreement with RAB Investments AG, located in Zug, Switzerland, which is intended to provide necessary funding towards the initial production of the company's non-X-ray security scanner. The Agreement calls for RAB to fund a minimum of $50,000 to a maximum of $150,000 on a "best efforts basis," with a first tranche of $25,000 to be completed by August 15, 2017. In exchange for the funds, DTIC will issue convertible notes that may be converted into DTIC common stock at a discount of 25%, based on the 10-day average trading value of DTIC shares at the time of the initial conversion. The notes may be converted at any time, in whole or partially, but all conversions must be at the same rate as the initial conversion.

10.1

Funding Agreement


DEFENSE TECHNOLOGIES INTERNATIONAL CORP. Exhibit
EX-10.1 2 exh10_1.htm FUNDING AGREEMENT Exhibit 10.1   FUNDING AGREEMENT BETWEEN: RAB Investments AG   Untermuehli 7,…
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About Defense Technologies International Corp. (OTCMKTS:DTII)

Defense Technologies International Corp., formerly Canyon Gold Corp., is an exploration-stage company seeking potential business opportunities in the minerals industry. The Company is engaged in the search for mineral deposits or reserves of precious and base metal targets, which are not in either the development or production stage. Its mineral property interests consisted of 30 Bureau of Land Management mineral lease claims, situated in the west section of the new Long Canyon Gold Trend area of east central Nevada, as of April 30, 2016. These properties are located next to other exploration projects in the Long Canyon Gold Trend. All the claims are located in Section 35, T 34N R63E, Mount Diablo Base & Meridian. It focuses on exploring the claims for gold and silver mineralization deposits as funding permits. It was focused on exploring for gold, silver and other minerals on property covering an area of 640 acres, as of April 30, 2016. As of April 30, 2016, it had no revenues.