MAGICSTEM GROUP CORP. (OTCMKTS:MGGI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive
On November 21, 2016, our company completed a private placement
with three subscribers. The private placement was for an
aggregate of 19,555,000 common shares of our company (each, a
Share) at a price of $0.005 per Share for gross
proceeds of $97,775.
Item 3.02 Unregistered Sales of Equity
On November 21, 2016, we issued an aggregate of 19,555,000
Shares. The securities were issued in connection with the private
placement on November 21, 2016. We issued the securities to three
(3) non-US persons (as that term is defined in Regulation S of
the Securities Act of 1933), in an offshore transaction relying
on Regulation S of the Securities Act of 1933, as amended.
Financial Statements and Exhibits
Form of Subscription Agreement.
About MAGICSTEM GROUP CORP. (OTCMKTS:MGGI)
Magicstem Group Corp., formerly Cold Cam, Inc., intends to focus on the development of stem cell cryo-preserved banking in Asia. The Company is engaged in structuring the business model with a stem cell cryo-preserved banking facilities in China, and establishing sales network throughout Asia. The Company has not generated any revenues. The Company has no operations. MAGICSTEM GROUP CORP. (OTCMKTS:MGGI) Recent Trading Information
MAGICSTEM GROUP CORP. (OTCMKTS:MGGI) closed its last trading session 00.00 at 2.05 with shares trading hands.