ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Inc., a Utah corporation (“Purchaser”) where in, in
consideration of $50,000, we (the “Company”) agreed to sell to
Purchaser a number of our shares of common stock under the
following formula:
agrees to sell and issue to the Purchaser, a number of shares
(the “Shares”) of newly issued restricted Common Stock of the
Company determined to the following formula for an aggregate
purchase price of $50,000.00 (the “Purchase Price”): the total
number of Shares being purchased hereunder shall equal the
Purchase Price divided by 80% multiplied by the closing price of
the Common Stock for the trading day immediately preceding the
date that is six (6) months from the Agreement Date (the “Per
Share Purchase Price”). In the event of any stock split, stock
combination, recapitalization, stock dividend, or similar
transaction that occurs prior to the Company’s delivery of any
Shares to the terms hereof, the number of Shares and the Per
Share Purchase Price shall be adjusted accordingly based on such
stock split, stock combination, recapitalization, stock dividend,
or similar transaction
Inc., a Utah corporation (“Purchaser”) where in, in
consideration of $50,000, we (the “Company”) agreed to sell to
Purchaser a number of our shares of common stock under the
following formula:
agrees to sell and issue to the Purchaser, a number of shares
(the “Shares”) of newly issued restricted Common Stock of the
Company determined to the following formula for an aggregate
purchase price of $50,000.00 (the “Purchase Price”): the total
number of Shares being purchased hereunder shall equal the
Purchase Price divided by 80% multiplied by the closing price of
the Common Stock for the trading day immediately preceding the
date that is six (6) months from the Agreement Date (the “Per
Share Purchase Price”). In the event of any stock split, stock
combination, recapitalization, stock dividend, or similar
transaction that occurs prior to the Company’s delivery of any
Shares to the terms hereof, the number of Shares and the Per
Share Purchase Price shall be adjusted accordingly based on such
stock split, stock combination, recapitalization, stock dividend,
or similar transaction.
in Reg. 506 of the Securities Act of 1933, as amended (the
“Act”). The Purchaser represented it is an accredited investor
as defined in Reg. 501 Act and a Form D will be filed with the
SEC and the State of Utah by March 25, 2017.
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Exhibits
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Document Description
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10.1
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Common Stock Purchase Agreement with Tonaquint, Inc. dated
March 10, 2017. |
About ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS)
EcoloCap Solutions Inc. offers aerobic digestion technology called ECOS/Bio-ART, which remediates all organic waste. The EcoloCap technology can be tailored to produce a Nitrogen (N), Phosphorus (P) and Potassium (K) fertilizer or chicken and fish animal feed through the introduction of different bacteria into the bio-fermenter utilizing computer processing with a combination of bacillus. It can process various organic municipal solid waste (MSW), food scraps and animal bio-solids. The technology offers a solution for managing urban generated organics. Its technology is used by waste management companies and communities to dispose of food scraps. The Company operates over 400 operational units, which processes approximately 6,000 tons per day. Its unit in Chicago, Illinois processes over 120 tons per day of organic MSW. ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS) Recent Trading Information
ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS) closed its last trading session 00.00000 at 0.00030 with 17,283,240 shares trading hands.
