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 herein.
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Item 3.01 |
Unregistered Sales of Equity Securities |
Eagle Equities, LLC (March 1, 2017 Note)
On October 30, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #2 in the amount of $2,700 in principal and $145.80 in interest and subsequently issued 1,293,545 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0022 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 $27,300.00.
On November 1, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #3 in the amount of $3,000 in principal and $163.33 in interest and subsequently issued 1,437,877 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0022 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 $24,300.00.
EMA Financial, LLC (April 3, 2017 Note)
On November 1, 2017, Tiger Reef’s transfer agent received a Notice of Conversion #3 in the amount of $1,770 in principal and $750.00 in fees and subsequently issued 1,575,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0016 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 $37,400.00.
Blackbridge Capital Growth Fund, LLC (April 17, 2017 Note)
On November 1, 2017, Tiger Reef’s transfer agent received a Notice of Conversion in the amount of $1,202.73 in principal and $4,660.27 in interest and subsequently issued 2,600,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.002255 a share to the Blackbridge Capital Growth Fund convertible note described in detail the Form 8-K filed with the SEC on April 21, 2017. After this conversion this convertible note had a remaining principal balance of $73,797,27.
After these conversions, and as of November 2, 2017, Tiger Reef had 39,899,273 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.