Tiger Reef, Inc. (OTCMKTS:BWBG) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01
Unregistered Sales of Equity Securities
Eagle Equities, LLC (March 1, 2017 Note)
On November 6, 2017, Tiger Reef, Inc.’s (“Tiger Reef”) transfer agent received a Notice of Conversion #4 in the amount of $3,100 in principal and $172.33 in interest and subsequently issued 2,124,818 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00154 a share to the Eagle Equities convertible note described in detail the Form 8-K filed with the SEC on March 3, 2017. After this conversion this convertible note had a remaining principal balance of $21,200.00.
EMA Financial, LLC (April 3, 2017 Note)
On November 6, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #4 in the amount of $1,490.00 in principal and $750.00 in legal fees and subsequently issued 2,000,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00112 a share to the EMA Financial convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $35,910.00.
Crown Bridge Partners, LLC (April 3, 2017 Note)
On November 1, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #4 in the amount of $2,062.00 in principal and $250.00 in legal fees and subsequently issued 1,445,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0022 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $28,782.60.
On November 3, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #5 in the amount of $1,739.12 in principal and $250.00 in legal fees and subsequently issued 1,776,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00112 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $27,043.48.
On November 4, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #6 in the amount of $2,078.48 in principal and $250.00 in legal fees and subsequently issued 2,079,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00112 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $24,965.00.
On November 7, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #7 in the amount of $1,193.20 in principal and $250.00 in legal fees and subsequently issued 2,255,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00064 a share to the Crown Bridge Partners convertible note described in detail the Form 8-K filed with the SEC on April 7, 2017. After this conversion this convertible note had a remaining principal balance of $23,771.80.
After these conversions, and as of November 7, 2017, Tiger Reef had 51,579,415 shares of its common stock issued and outstanding.
About Tiger Reef, Inc. (OTCMKTS:BWBG)
Tiger Reef, Inc., formerly Blue Water Bar & Grill, Inc., is a producer of rums under the Tiger Reef brand. The Company is a developer of Caribbean casual dining restaurant properties. The Blue Water Bar & Grill restaurant concept features a casual, open air Caribbean themed restaurant designed to offer customers a distinctive and relaxing island dining experience. The Company focuses on opening a Blue Water Bar & Grill restaurant at Aruba, Dutch West Indies; Nassau, Bahamas; Cozumel, Mexico; Grand Cayman, and Barbados. As of September 30, 2016, the Company had not generated any revenues. Tiger Reef Spirits, Ltd. is a subsidiary of the Company.
