GARMATEX HOLDINGS LTD. (OTCMKTS:GRMX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
As of April 24, 2017, we entered into a Marketing and Consulting
Agreement (the Agreement) dated April 24, 2017
with CorProminence LLC (Core), a New York
limited liability company, d/b/a as CORE IR, whereby Core agreed
to provide a strategic market and investor awareness program by
providing comprehensive corporate consulting and shareholder
communication development (the Services) to our
company. The term of the Agreement is for a period of one year
expiring on April 23, 2018. In consideration for the Services, we
have agreed to pay Core US$5,000 per month until June 24, 2017
and US$10,000 per month from July 24, 2017 until March 24, 2018.
In addition, we have agreed to issue 112,000 shares of our common
stock to Core on July 24, 2017. We intend to issue these shares
to one U.S. Person (as that term is defined in Regulation S of
the Securities Act of 1933) relying on the registration exemption
provided for in Section 4(a)(2) of the Securities Act of 1933
and/or Rule 506 promulgated thereunder.
Item 3.02 Unregistered Sales of Equity
Securities.
The information contained in Item 1.01 of this current report on
Form 8-K is responsive to this item.
Item 5.01 Changes in Control of Registrant.
In March 2016, Jose Montes, a majority stockholder of our
company, sold to Devon Loosdrecht 16,500,000 shares (1,320,000
pre-split shares) of our common stock for total consideration of
$1,320. Mr. Loosdrecht paid the $1,320 purchase price for these
shares using cash on hand.
Immediately after the completion of this purchase, Mr. Loosdrecht
held approximately 52.4% of our issued and outstanding common
stock (approximately 46.2% of the issued and outstanding shares
of common stock of the Company as of June 19, 2017).
In connection with this purchase, on March 14, 2016, Mr.
Loosdrecht was appointed as President, Secretary, Treasurer,
Chief Executive Officer, Chief Financial Officer and a director
of our company.
We are unaware of any contract or other arrangement the operation
of which may at a subsequent date result in a change in control
of our company.
The information contained in this Item 5.01 of this current
report on Form 8-K, together with the information contained in
the following documents filed with the Securities Exchange
Commission, constitutes the information that would be required if
our company were filing a general form for registration of
securities on Form 10 under the Securities Exchange Act of 1934
reflecting all classes of our securities subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934 upon consummation of the change in control described
above, with such information reflecting our company and its
securities upon consummation of the change in control described
above:
| 1. |
Current Report on Form 8-K, filed on March 16, 2016; |
|
| 2. |
Quarterly Report on Form 10-Q, filed on March 9, 2016; |
|
| 3. |
Quarterly Report on Form 10-Q, filed on December 15, 2015; |
|
| 4. |
Quarterly Report on Form 10-Q, filed on September 14, 2015; |
|
| 5. |
Annual Report on Form 10-K, filed on June 29, 2015; |
|
| 6. |
Current Report on Form 8-K, filed on June 10, 2015; and |
– 3 –
| 7. |
Current Report on Form 8-K, filed on May 22, 2015; |
|
| 8. |
Descriptions of our securities, recent sales of |
The information contained in the above filings has been updated
by the Current Report on Form 8-K, filed on March 16, 2017, which
contains the Form 10 Information as defined in Rule 144
promulgated under the Securities Act of 1933 reflecting our
companys status as an entity that is no longer a shell company,
the Current Report on Form 8-K, filed on June 15, 2017, which
relates to the changes in our companys certifying accountant, and
this Current Report on Form 8-K, including our news release dated
June 5, 2017, a copy of which is furnished herewith.
Item 8.01 Other Events.
A copy of our news release dated June 5, 2017 is furnished
herewith.
Item 9.01 Financial Statements and Exhibits.
| 10.1 |
Marketing and Consulting Agreement dated April 24, 2017 |
| 99.1 |
News release dated June 5, 2017 |
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GARMATEX HOLDINGS LTD. ExhibitEX-10.1 2 exhibit10-1.htm EXHIBIT 10.1 Garmatex Holdings Ltd….To view the full exhibit click here About GARMATEX HOLDINGS LTD. (OTCMKTS:GRMX)
Garmatex Holdings Ltd., formerly Oaxaca Resources Corp. is a development-stage company. The Company is seeking new business opportunities with established business entities to effect a merger or other form of business combination with the Company. The Company’s subsidiary, ORC Exploration LLC, was formed for the purpose of acquiring and developing mineral properties. The Company has no revenue. GARMATEX HOLDINGS LTD. (OTCMKTS:GRMX) Recent Trading Information
GARMATEX HOLDINGS LTD. (OTCMKTS:GRMX) closed its last trading session down -0.005 at 0.144 with 101,560 shares trading hands.