LINGERIE FIGHTING CHAMPIONSHIPS, INC. (OTCMKTS:BOTY) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders.
On November 22, 2016, the Company filed a Certificate of
Amendment to the Companys Articles of Incorporation (the
Amendment) with the Secretary of State of Nevada to increase the
number of authorized shares of common stock, par value $0.001 per
share, from four hundred million (400,000,000) shares to one
billion (1,000,000,000) shares. A true and correct copy of the
Amendment is filed as Exhibit 3.1 to this report.
On January 23, 2017, the Company filed a Certificate of Amendment
to the Companys Articles of Incorporation (the Amendment) with
the Secretary of State of Nevada to increase the number of
authorized shares of common stock, par value $0.001 per share,
from one billion (1,000,000,000) shares to one billion two
hundred million (1,200,000,000) shares. A true and correct copy
of the Amendment is filed as Exhibit 3.2 to this report.
The Company did not timely comply with the requirements of
Regulation 14C under the Exchange Act for the above referenced
increases in the Companys authorized common shares. This would
have required us to circulate an information statement describing
the corporate actions taken above by the written consent of a
majority of our shareholders at least 20 days prior to the
effective date of the corporate action. We did however have super
majority shareholder consent as required foramending the articles
of incorporationThe failure to initially comply with Regulation
14C in a timely manner was inadvertent, and while not probable,
could cause the SEC to bring an enforcement action or commence
litigation against us for failure to comply with Regulation 14C.
Such enforcement could subject us to penalties including the
payment of fines or damages. Any such claims or actions could
cause us to expend financial resources to defend ourselves, and
could divert the attention of our management from our core
business.
Item 5.03Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
Item 3.03 is hereby incorporated by reference
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description |
3.1 |
Certificate of Amendment to Articles of Incorporation, |
3.2 |
Certificate of Amendment to Articles of Incorporation, |
About LINGERIE FIGHTING CHAMPIONSHIPS, INC. (OTCMKTS:BOTY)
Lingerie Fighting Championships, Inc. (LFC), formerly Cala Energy Corp., is a media company. The Company is focused on the development, production, promotion and distribution of original entertainment. The Company intends to make its original entertainment available primarily through live entertainment events, as well as through digital home video, broadcast television networks, video-on-demand and digital media channels. The LFC business and brand is focused on building and establishing a sports entertainment league that utilizes wrestling and mixed martial arts (MMA) fighting techniques together with fictional character personas, parodies of public figures and professional sporting leagues, and fictional storylines for purposes of providing entertainment. The Company is an independent producer of video programming for digital home video. The Company produces scripted style fights featuring attractive and athletic females of the LFC league clothed in lingerie. LINGERIE FIGHTING CHAMPIONSHIPS, INC. (OTCMKTS:BOTY) Recent Trading Information
LINGERIE FIGHTING CHAMPIONSHIPS, INC. (OTCMKTS:BOTY) closed its last trading session up +0.00010 at 0.00100 with 8,340,074 shares trading hands.