Mantra Venture Group Ltd. (OTCMKTS:MVTG) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01.Completion of Acquisition or Disposition of Assets.
On May 1, 2017, Mantra Venture Group Ltd. (the “Company”) filed a Current Report on Form 8-K (the “Original Report”) announcing, among other matters, the closing of its acquisition of 80.1% of the assets associated with InterCloud’s “AW Solutions” business (“AW”), to the Asset Purchase Agreement, dated as of April 25, 2017, by and between the Company and InterCloud Systems, Inc.The Company is filing this Amendment No. 1 to the Original Report in order to provide the financial statements of AW and pro forma information required by Item 9.01 of Form 8-K with respect to the acquisition of 80.1% of the assets of AW. All other information set forth in the Original Report remains unchanged.
Item 9.01.Financial Statements and Exhibits
(a) Financial statements of business acquired.
The audited consolidated financial statements of AW as of and for the years ended December 31, 2016 and 2015 and related notes, as well as the unaudited interim financial statements of AW for the three months ended March 31, 2017 and 2016 are filed as Exhibit 99.1 to this report and are incorporated herein by reference.
(b)Pro forma financial information.
The unaudited pro forma condensed combined statement of operations for the twelve months ended May 31, 2016, and the unaudited pro forma condensed combined statement of operations for the 9 months ended February 28, 2017, showing the pro forma effects of the Company’s acquisition of AW, and related notes, are filed as Exhibit 99.2 to this report and are incorporated herein by reference.
Mantra Venture Group Ltd. ExhibitEX-99.1 2 f8k042517a1ex99i_mantravent.htm AUDITED FINANCIAL STATEMENTS FOR AW SOLUTIONS,…To view the full exhibit click
About Mantra Venture Group Ltd. (OTCMKTS:MVTG)
Mantra Venture Group Ltd. is in the business of developing and providing energy alternatives. The Company also provides marketing and graphic design services to help companies optimize their environmental awareness presence through the government, industry and the general public. The Company is engaged in building a portfolio of companies and technologies that mitigate negative environmental and health consequences that arise from the production of energy and the consumption of resources. The Company, through its subsidiary, Mantra Energy Alternatives Ltd. (MEA), identifies, acquires, develops and markets technologies related to alternative energy production and reduction of greenhouse gas emissions and resource consumption. The Company owns a process for the electro-reduction of carbon dioxide (ERC) and has the global license for a mixed-reactant fuel cell (MRFC). It is developing these technologies toward commercial applications.