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
EMA Financial, LLC (April 3, 2017 Note)
On November 8, 2017, Tiger Reef, Inc.’s (“Tiger Reef”) transfer agent received a Notice of Conversion #5 in the amount of $230.00 in principal and $750.00 in legal fees and subsequently issued 2,450,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.001 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 $35,680.00.
Crown Bridge Partners, LLC (April 3, 2017 Note)
On November 8, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #8 in the amount of $696.80 in principal and $250.00 in legal fees and subsequently issued 2,367,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 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 $23,075.00.
On November 9, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #9 in the amount of $784.00 in principal and $250.00 in legal fees and subsequently issued 2,585,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 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 $22,291.00.
After these conversions, Tiger Reef had 58,981,415 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.