Defense Technologies International Corp. (OTCMKTS:DTII) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
On October 10, 2018, we issued 2,000,000 shares of authorized, but previously unissued common stock, to EMAC Handels AG upon the conversion of 200,000 shares of Defense Technologies Series A Convertible Preferred Stock. Each Series A Preferred Share is convertible into ten shares of the company's common stock. EMAC, a Swiss company, is a principal stockholder and, after the new issuance of shares, owns a total of 2,624,605 shares of common stock, or 71.75% of the total issued and outstanding shares. The issuance of the common stock was in a private transaction to a person familiar with the company's business, to an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.
Item 8.01 Other Events.
Defense Technologies has announced that it entered into a service agreement with Hanover International, Inc. located in LaQuinta, California. Per the terms of the agreement, Hanover will operate as an independent contractor to the company, providing consulting services related to business and finance strategy. Hanover will also provide investor relations services and assist in creating market awareness for the company's products. In consideration for its services, Hanover will receive a monthly retainer and be entitled to earn up to 20,000 five-year, cashless warrants, exercisable for DTII common stock..
Cautionary Note About Forward-looking Statements
Statements contained in this current report which are not historical facts, may be considered "forward-looking statements," which term is defined by the Private Securities Litigation Reform Act of 1995. Any "safe harbor under this Act does not apply to a "penny stock" issuer, which definition would include the company. Forward-looking statements are based on current expectations and the current economic environment. We caution readers that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
About Defense Technologies International Corp. (OTCMKTS:DTII)
Defense Technologies International Corp., formerly Canyon Gold Corp., is an exploration-stage company seeking potential business opportunities in the minerals industry. The Company is engaged in the search for mineral deposits or reserves of precious and base metal targets, which are not in either the development or production stage. Its mineral property interests consisted of 30 Bureau of Land Management mineral lease claims, situated in the west section of the new Long Canyon Gold Trend area of east central Nevada, as of April 30, 2016. These properties are located next to other exploration projects in the Long Canyon Gold Trend. All the claims are located in Section 35, T 34N R63E, Mount Diablo Base & Meridian. It focuses on exploring the claims for gold and silver mineralization deposits as funding permits. It was focused on exploring for gold, silver and other minerals on property covering an area of 640 acres, as of April 30, 2016. As of April 30, 2016, it had no revenues.
