BEMAX INC. (OTCMKTS:BMXC) Files An 8-K Other EventsItem 8.01 Other Events.
On June 8, 2017, Bemax Inc. (the “Company”) fully prepay the outstanding principal and accrued interest of the 8% Secured Convertible Promissory Note (the “Note”) issued December 28, 2016 with a maturity date of December 28, 2017 in the original principal amount of $46,000.00 (the “Principal Amount”).
As of June 12, 2017, the total shares of Common Stock issued and outstanding remain unchanged at 301,640,836.
The above noted Convertible Note including the Principal Amount and interest is now 100 percent prepaid and will not be converted to the Company’s common stock.
About BEMAX INC. (OTCMKTS:BMXC)
Bemax Inc. is a development-stage company. The Company is focused on exporting and distribution of disposable baby diapers. It exports disposable baby diapers from the United States and Canada, and distributes them in London, and South Africa. The Company also exports from manufacturers from Asia and distributes to other parts of Africa. The Company offers disposable diapers range in size from Newborn to Size six, which accommodates an over 35 pounds (lbs) child. The normal size weight ranges are approximately 10 pounds: newborn; 8 to 15 pounds: Size 1-2; 16 to 28 pounds: Size 3; 22 to 37 pounds: Size 4; 27 plus pounds: Size 5, and over 35 pounds: Size 6.