Sunvault Energy Inc (OTCMKTS:SVLT) Files An 8-K

Gary Monaghan has resigned as a member of our board of directors. Mr. Monaghan concurrently resigned as CEO of our Company. The resignation of Mr. Monaghan is as a direct result of a change of control in the company per his management contract and a difficult personal family illness at home and not the result of any disagreement with our company regarding our operations, policies, practices or otherwise. Mr, Monaghan is enacting his change of control provisions within his management contract which is predominantly unpaid to date.

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Our company’s board of directors now consists of four directors, including Messrs. William Richardson, Larry Faulk, Lorne Roseborough, and George Alexis.

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