ENVOY GROUP CORP. (OTCMKTS:ENVV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June 18, 2017, the Company entered into a Definitive
Acquisition Agreement (the Agreement) with Bitreturn.ca
(BitReturn), a British Columbia company, and its four
shareholders. to the Agreement, we are acquiring Bitreturn in
exchange for 10,000,000 newly issued shares of our restricted
common stock. We are also required by the Agreement to make a
payment of $350,000 to BitReturn, $200,000 of which is payable
upon the first $500,000 raised by us, and the final portion of
$150,000 is payable after six months or when a cumulative amount
of $1,000,000 has been raised by us.
Item 2.01 Completion of Acquisition or Disposition of
Assets.
On June 18, 2017, the Company completed its acquisition of
Bitreturn to its Agreement dated June 18, 2017 with the four
BitReturn Shareholders. 10,000,000 shares of the Companys common
stock will be issued to the BitReturn shareholders. As a result
of this transaction, BitReturn is a wholly-owned subsidiary of
the Company.
BitReturn is engaged in the business of designing, marketing and
employing blockchain applications. BitReturn is planning a
multiphased rollout of blockchain applications. Its Phase One
plan is to develop cash flow by the mining of cryptocurrencies
that were developed by blockchain technology and then to phase in
commercial business and personal blockchain applications
developed by our technical team. In order to mine digital
currencies effectively, BitReturn plans to employ Graphic
Processors (GPUs) in a facility that is to be leased in Kamloops,
British Columbia. The facility is believed to be secure, with
available uninterruptible power for our operations.
Cryptocurrency mining is intended to run 24 hours a day, 7 days a
week by numerous processors arrayed in a 7 or 13 GPU per rig
configuration.
Item 3.02 Unregistered Sales of Equity
Securities.
to the Agreement, the Company will issue 10,000,000 shares of
restricted stock to the BitReturn Shareholders in exchange for
their shares of BitReturn.
The shares will be issued in reliance upon the exemptions
afforded by Regulation S and Section 4(a)(2) of the Securities
Act of 1933.
Item 9.01 Financial Statements and Exhibits
(a) Exhibits
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Exhibit No. |
Description |
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10.1 |
Definitive Acquisition Agreement dated June 18, 2017 by and |
ENVOY GROUP CORP. ExhibitEX-10 2 ex_10-1.htm DEFINITIVE ACQUISITION AGREEMENT DATED JUNE 18,…To view the full exhibit click here About ENVOY GROUP CORP. (OTCMKTS:ENVV)
Envoy Group Corp. is a shell company. The Company intends to develop a service to provide adult day care. The Company offers Louis XIV Energy drinks, including Louis XIV Energy, Louis XIV 24 Carat Gold Flakes, Louis XIV Glow and Louis XIV Sugar Free. The Company intends to acquire Picante Gaming N.V. (Picante), a developer of business-to-business software for real time, streaming gaming technology. Picante holds over 40 licenses around the world. The Company intends to restructure its business plan and enter the consumer products market. The Company has not generated any revenues from its operations.