HANDENI GOLD INC. (OTCMKTS:HNDI) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02Unregistered Sales of Equity Securities
On June 15, 2017, we issued 2,475,000 shares of restricted common
stock to IPP Gold Ltd. to a shares for debt subscription
agreement at a deemed issuance price of $0.12 per share in full
and complete satisfaction of outstanding debts of $297,000 owing
from us to IPP Ltd. We relied on the exemption from registration
under the U.S. Securities Act provided by Regulation S based on
representations and warranties provided by IPP Ltd. in the
subscription agreement.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01Financial Statements and Exhibits
(a)Financial Statements of Business Acquired
Not applicable.
(b)Pro forma Financial Information
Not applicable.
(c)Shell Company Transaction
Not applicable.
(d)Exhibits
|
Exhibit |
Description |
|
99.1 |
News Release issued June 19, 2017. |
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HANDENI GOLD INC. ExhibitEX-99.1 2 ex99-1.htm NEWS RELEASE Handeni Gold Inc. completes Shares for Debt settlement with IPP Ltd. Dar es Salaam,…To view the full exhibit click here About HANDENI GOLD INC. (OTCMKTS:HNDI)
Handeni Gold Inc. is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties. Its principal area of focus is the Handeni Gold Project, which is located in the Handeni district, within the Tanga region of the Republic of Tanzania in East Africa. Its geographical segments include Canada and Tanzania, Africa. The Company has interests in mineral claims of Handeni Gold Project through prospecting licenses (PLs) and primary mining licenses (PMLs) issued by the government of the Republic of Tanzania. The Handeni Gold properties lie within the Handeni artisanal gold mining district, located in Tanga Province, over 170 kilometers northwest of Dar Es Salaam, and approximately 100 kilometers southwest of the northerly coastal city of Tanga. As of May 31, 2016, the total area held by the Company in the Handeni district is approximately 423.03 square kilometers. As of May 31, 2016, the Company has not generated any revenues.
