TAURIGA SCIENCES, INC. (OTCMKTS:TAUG) Files An 8-K Regulation FD DisclosureItem 7.01
On December 19, 2017, Tauriga Sciences, Inc. (the “Company”) reached an agreement with E3 Consulting Inc., an Englewood, CO based business (“E3”) to settle an existing Company balance sheet liability of $177,883.71 to E3 for a one-time cash payment of $15,000 and a one-time issuance of 5,000,000 shares of Common Stock of the Company, which are restricted securities as defined by the Securities Act of 1933, as amended. This liability dated back to a consulting agreement entered into by the Company’s predecessor (Novo Energies Corp.) with E3 in 2010.
This liability has been maintained in accounts payable on the Company’s balance sheet. Accordingly, as a result of the above-referenced settlement, the Company expects that this liability will be removed from its balance sheet by or before December 31, 2017 (the final date of its 3rd Fiscal Quarter of 2017).
The press release announcing the settlement of the above-described liability is furnished as Exhibit 99.1 to this current report on Form 8-K.
On December 15, 2017, the Company engaged the national law firm of Nixon Peabody LLP in New York to provide legal services to the Company in connection with its SEC filing obligations and securities related matters.
| Item 9.01 | Exhibits Statements and Exhibits |
| Exhibit Number | Description |
| 99.1 | Press Release, dated December 22, 2017 |
TAURIGA SCIENCES, INC. ExhibitEX-99.1 2 ex99-1.htm Tauriga Sciences,…To view the full exhibit click here
About TAURIGA SCIENCES, INC. (OTCMKTS:TAUG)
Tauriga Sciences, Inc. is a diversified company. The Company is focused on the development of technology platform in the nano-robotics space. The Company is engaged in acquiring and building a portfolio of technology assets.
