INNOCAP, INC. (OTCMKTS:INNO) Files An 8-K Entry into a Material Definitive Agreement

INNOCAP, INC. (OTCMKTS:INNO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.

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On November 21, 2017 the Company entered into an agreement with Solar Resources Inc. (“Solar”), a company in Singapore, to assist Solar to recover a large shipment of tin from a sunken ship that is believed to be in the waters between Indonesia and Malaysia. An investor, who is a minority shareholder in the Company, provided the $200,000 needed by the Company to participate in this contract.

The parties of the agreement have also agreed to use a portion of the proceeds from the salvaged assets equal to $600,000 to recover another cargo believed to have sunk off the coast of the Philippines.

The Company will receive 40% of the proceeds of the salvaged cargo after payment of all expenses related to the salvage effort.

The salvage project will be started within two weeks of the signing of the contract.

No assurances can be given that the sunken ship will be found and, if found, will have the amount of recoverable tin that the parties to the contract are seeking.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.4Contract with Solar Resources Inc.


INNOCAP INC Exhibit

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