BEMAX INC. (OTCMKTS:BMXC) Files An 8-K Other Events
Item 8.01 Other Events.
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As of January 4, 2017, holders of Bemax Inc (“Company”) Convertible Notes due between October 19, 2016 and December 9 2016 (the “Notes”), had converted principal and interest due under the Notes in the aggregate amount of approximately $256,200 to 145,762,920 shares of Common Stock. The Notes were originally issued by the Company between the periods of April 19, 2016 to June 9, 2016 at an aggregate original value of $302,750. As of January 4, 2017, there were 412,654,790 shares of Common Stock issued and outstanding following the above noted conversion of the convertible Notes, all as described above. The above noted conversion reduce the total convertible notes amount outstanding by approximately 85% and improve the Company’s balance sheet. |
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On April 4, 2017, as part of the first phase to penetrate the U.S. market, Bemax Inc., (“Company”) will commence selling its two private label brands through Amazon.com (“Amazon”). The availability of the private label brands on Amazon will provides for the Company the launching of new sales channel and special sales offerings to customers. |
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. BEMAX INC. (OTCMKTS:BMXC) Recent Trading Information
BEMAX INC. (OTCMKTS:BMXC) closed its last trading session up +0.00043 at 0.00550 with 41,017 shares trading hands.