BINGHAM CANYON CORPORATION (OTCMKTS:BGHM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On April 20, 2017, the Registrants board of directors unanimously
approved the terms and conditions of the Agreement, as amended,
between the Registrant and Annihilyzer, Inc.
to the terms of the Agreement, as amended, the Registrant agreed
to issue 2,250,000 shares of common stock to Annihilyzer in
exchange for certain Annihilyzer intellectual property. In
addition, the Registrants wholly-owned operating subsidiary,
Paradigm Convergence Technologies, Inc. (Paradigm), granted
Annihilyzer a three-year license and sub-registration under
Paradigms EPA Product Registration #82341-4.
The Annihilyzer IP includes a system for the production, delivery
and total inventory and activity tracking, reporting, and
management of Hydrolyte applications in hospitals, nursing homes,
health care facilities, resorts and hotels, schools, correctional
and other facilities.
The foregoing description of the Annihilyzer Agreement, as
amended, does not purport to be complete and is qualified in its
entirety by reference to the Agreement and amendment, copies of
which are attached to this report as Exhibits 10.1 and 10.2,
Item 2.01 Completion of Acquisition or Disposition of
On April 20, 2017, the Registrant completed the acquisition of
the Annihilyzer technology as referenced in Item 1.01 above.
Item 3.02 Sale of Unregistered Securities.
On April 20, 2017, to the terms of the Annihilyzer Agreement
referenced in Item 1.01 above, the Registrant authorized the
issuance of 2,250,000 restricted shares of common stock to
Annihilyzer, Inc. As of the date of this report, the shares have
not been issued.
The above-described issuance was exempt from registration to
Section 4(a)(2) and/or Regulation D of the Securities Act as
transactions not involving a public offering. With respect to the
transaction listed above, no general solicitation was made by
either the Registrant or any person acting on its behalf. All
such securities issued to such exemptions are restricted
securities as defined in Rule144(a)(3) promulgated under the
Securities Act, appropriate legends have been placed on the
documents evidencing the securities, and may not be offered or
sold absent registration or to an exemption therefrom.
Item 9.01 Financial Statements and Exhibits.
|10.1||Agreement with Annihilyzer, Inc. dated November 29, 2016|
Amendment to Agreement with Annihilizer, Inc. dated April 6,
About BINGHAM CANYON CORPORATION (OTCMKTS:BGHM)
Bingham Canyon Corporation is a shell company. The Company intends to seek, investigate, and, if warranted, acquire an interest in a business opportunity. The Company’s acquisition of a business opportunity may be made by merger, exchange of stock, or otherwise. The Company does not have any operations. The Company has not generated any revenues. BINGHAM CANYON CORPORATION (OTCMKTS:BGHM) Recent Trading Information
BINGHAM CANYON CORPORATION (OTCMKTS:BGHM) closed its last trading session 00.00 at 1.86 with shares trading hands.