TWO RIVERS WATER & FARMING COMPANY (OTCMKTS:TURV) Files An 8-K Other EventsITEM 8.01 Other Events – Modification to Powderhorn Convertible Note
The information in this Item 8.01 of this Current Report is furnished to Item 8.01 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.
On November 16, 2018, the Company filed an 8K concerning a modification to Powderhorn’s Convertible along with Exhibit 99.1 Powderhorn note modification agreement. Upon further review of the original modification agreement, it was noted that section 2 (b) improperly stated:
Whereas, the note modification should have stated in section (ii): “sixty-five (65%) of the lowest VWAP in the 25 trading days prior to conversion.”
The full corrected version of the Amendment No. 4 is included in Exhibit 99.1
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.
*Filed herewith
TWO RIVERS WATER & FARMING Co ExhibitEX-99.1 2 ex99-1.htm EXHIBIT 99.1 Powderhorn Convertible Note Modification (updated) AMENDMENT NO. 4 (updated) OF NOVEMBER 15,…To view the full exhibit click here
About TWO RIVERS WATER & FARMING COMPANY (OTCMKTS:TURV)
Two Rivers Water & Farming Company acquires and develops irrigated farmland and associated water rights and infrastructure. The Company converts irrigated farmland from traditional use to grow marginally profitable feed crops to use for growing fruit and vegetable crops. The Company’s segments include Farms and Water. The Company’s crop production consisted of cabbage, pumpkins and squash grown for human consumption, as well as feed crops, such as alfalfa, corn, oats and sorghum, planted as part of its crop rotation practice. The Company’s business model integrates irrigated farming and water distribution in a manner developed for semi-arid regions in the southwestern United States. The Company’s area of focus is the Arkansas River Basin, on the southern Front Range in Colorado.