Red Giant Entertainment, Inc. (OTCMKTS:REDG) Files An 8-K Unregistered Sales of Equity SecuritiesITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES
to a notice of conversion received on July 26, 2017 from Vis Vires Group, Inc., we will issue 865,500,000 shares to it to convert $51,930.00 of the principal and interest owed under the Convertible Promissory Note dated as of June 23, 2015.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On July 26, 2017, Mr. Sherril Rhoades accepted the Registrant’s appointment to its Board of Directors effective immediately. Mr. Rhoades brings decades of publishing history and skills to his REDG role. He succeeded Stan Lee as Publisher of Marvel Comics, where he approved the first Men in Black film and helped plan the Spider-Man and Iron Man movies. Also Mr. Rhoades has held the position of Editorial Director and Fiction Editor for The Saturday Evening Post; VP and Group Publisher of Scholastic; VP of New Business Development of Reader’s Digest; and been consultant for Microsoft, Warner Bros., Disney Publishing, DC Comics,Mad Magazine, Hilton International, Johnson & Johnson, and others. He was also a Professor in Residence at Ball State University and lecturer at Columbia University, University of Florida, Savannah College of Art & Design, and more.
There are no understandings or arrangements between Mr. Rhoades and any other person to which Mr. Rhoades was selected as a director of the Company. In connection with his service on the Company’s Board of Directors, Mr. Rhoades has been granted seven million five hundred thousand (7,500,000) Series Z Preferred shares.
The Registrant’s press release on this matter is filed as Exhibit 99.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
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Exhibit |
Description |
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10.1 |
Convertible Note between the Registrant and Vis Vires, Inc. dated June 23, 2015. |
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Press Release of Registrant dated July 26, 2017 reporting Mr. Sherril Rhoades’ appointment to the Board of Directors. |
Red Giant Entertainment, Inc. Exhibit…To view the full exhibit click here
About Red Giant Entertainment, Inc. (OTCMKTS:REDG)
Red Giant Entertainment, Inc. is an intellectual property development company. The Company’s operations include publishing, mass media and graphic novel artwork development. The Company has three service offerings: Advertising, Book publishing and Creative. It produces transmedia properties. It publishes comic book format material on the Internet. It also has over 36 titles in its library with thousands of characters. The Company focuses on the development of intellectual properties into various ancillary media forms, including movies, television, video games, phone applications, online comics, toy lines, cartoons, T-shirts and other merchandising opportunities. It has various movies in various stages of production. The Company’s subsidiary, ComicGenesis, LLC, operates a user-generated comic site that hosts over 10,000 independent Web comics.