CHESS SUPERSITE CORPORATION (OTCMKTS:CHZP) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
From February 22, 2017, the date of the Company’s last report under this Item 3.02, through the date of this Report, the Company issued 120,677,353 shares of its common stock (“Shares”) in seven (7) private transactions.
Effective April 4, 2017, the issued 40,000,000 shares of common stock to each of Rubin Schindermann and to Alexander Starr, the Company’s officers and directors, at a price per share of $0.0027 in payment of $108,000.00 of unpaid compensation owed to each of them.
Effective April 20, 2017, the Company issued an aggregate of 23,612,353 shares to three (3) non-affiliate holders of the Company’s convertible promissory notes. The shares were issued at a price of $0.0017 per share upon the conversion of outstanding interest and principle balances owed on the notes.
Effective June 19, 2017, the Company issued 17,065,000 shares to two (2) a non-affiliate holders of the Company’s promissory notes. The shares were issued at a price of $0.0002 per share upon the conversion of outstanding interest and principle balances owed on the notes.
Effective June 20, 2017, the Company issued 17,500,000 shares to a non-affiliate holder of the Company’s promissory note. The shares were issued at a price of $0.0002 per share upon the conversion of outstanding interest and principle balance owed on the note.
The Shares were issued to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (“1933 Act”), for transactions not involving a public offering and under Regulation S adopted under the 1933 Act for offers and sales made outside the United States.
About CHESS SUPERSITE CORPORATION (OTCMKTS:CHZP)
Chess Supersite Corporation offers an online chess site featuring a playing zone, game broadcasts with software analyses and analysts’ commentaries, education and other chess oriented resources. The Company was formed to engage in any lawful corporate undertaking, including selected mergers and acquisitions. The Company also focuses on delivering various products featuring broadcasts of games across the world, education, interactivity, playing and other services. The Company focuses on offering Web-based services designed for browsers and table computers. The Company’s playing zone will utilize two-level architecture allowing users to watch and play as individuals and/or as teams. The Company is in the process of completing a Website and has secured the domain name, Chesscoliseum.com, which is ready for Beta release. The Company has not generated revenues.
