BINGO NATION INC. (OTCMKTS:BLTO) Files An 8-K Unregistered Sales of Equity Securities

BINGO NATION INC. (OTCMKTS:BLTO) Files An 8-K Unregistered Sales of Equity Securities

On February 18, 2017, Ramsay Capital Corp. sold its Loan Agreement with the Company (the “Convertible Note”) to five separate purchasers.  The Company entered into debt settlements with each noteholder at more favorable conversion price of $0.02 per share of common stock compared to the original conversion price of $0.001 per share.  Subsequently, each noteholder converted its portion of the Convertible Note into shares of common stock.  As a result of these debt conversions, the Company eliminated $469,370 of debt and issued 23,468,500 shares of common stock to the converting noteholders.  The Company relied on the exemptions afforded by Section 4(a)(2) of the Securities Act of 1933 and Regulation S in the issuance of these shares to the noteholders.


Bingo Nation Inc., formerly Nexgen Applied Solutions Inc., is engaged in the business of leasing land and buildings to licensed cannabis producers in the state of Washington, which do not have the financial resources to purchase land and build their own greenhouses. As of March 31, 2016, the Company has one tenant leasing from it. As of March 31, 2016, the Company, through its subsidiary River Ridge Sunshine Farms LLC, held 10 years lease on 40 acre property. The property is located in Benton County in the south-central portion of the state of Washington.

BINGO NATION INC. (OTCMKTS:BLTO) Recent Trading Information

BINGO NATION INC. (OTCMKTS:BLTO) closed its last trading session up +0.040 at 0.550 with 5,200 shares trading hands.

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