INNOCAP, INC. (OTCMKTS:INNO) Files An 8-K Other EventsItem 8.01 OTHER EVENTS.
In November 2017, Innocap entered into an agreement with Solar Resources Inc. (“Solar”), a company in Singapore, to assist Solar to recover large shipments of tin from two sunken ships that are believed to be in the waters between Singapore, the Philippines, Indonesia and Malaysia.
The salvage ship has been in the waters near the Philippines searching the area where one of the sunken ships is believed to be when its Dynamic Positioning (DP) system, a computer-controlled system that automatically maintains a vessel's position and heading, began to malfunction. The vessel has returned to harbor in Singapore for repairs and will continue the salvage project as soon as repairs are complete.
No assurances can be given that the sunken ship will be found or that its contents will be consistent with reports describing such contents.
