Tiger Reef, Inc. (OTCMKTS:BWBG) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
Unregistered Sales of Equity Securities
Crown Bridge Partners, LLC (April 3, 2017 Note)
On November 13, 2017, Tiger Reef, Inc.’s (“Tiger Reef”) transfer agent received a Notice of Conversion #12 in the amount of $1,042.80 in principal and $250.00 in legal fees and subsequently issued 3,232,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $19,431.40.
On November 14, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #13 in the amount of $971.48 in principal and $250.00 in legal fees and subsequently issued 3,393,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $18,459.92.
EMA Financial, LLC (April 3, 2017 Note)
On November 13, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #6 in the amount of $530.00 in principal and $750.00 in legal fees and subsequently issued 3,200,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.001 a share to the EMA Financial convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $35,150.00.
After these conversions, Tiger Reef had 82,440,651 shares of its common stock issued and outstanding.
About Tiger Reef, Inc. (OTCMKTS:BWBG)
Tiger Reef, Inc., formerly Blue Water Bar & Grill, Inc., is a producer of rums under the Tiger Reef brand. The Company is a developer of Caribbean casual dining restaurant properties. The Blue Water Bar & Grill restaurant concept features a casual, open air Caribbean themed restaurant designed to offer customers a distinctive and relaxing island dining experience. The Company focuses on opening a Blue Water Bar & Grill restaurant at Aruba, Dutch West Indies; Nassau, Bahamas; Cozumel, Mexico; Grand Cayman, and Barbados. As of September 30, 2016, the Company had not generated any revenues. Tiger Reef Spirits, Ltd. is a subsidiary of the Company.
