VGRAB COMMUNICATIONS INC. (OTCMKTS:VGRBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02.
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 22, 2018, Mr. Jacek P. Skurtys tendered his resignation as a director of the Company with immediate effect in order to pursue other personal and business commitments. Mr. Jacek P. Skurtys has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
As consideration for Mr. Skurtys’s services, the Company agreed to issue to Mr. Skurtys 500,000 shares of its common stock as fully paid an non-assessable. The shares will not be registered under the United States Securities Act of 1933, as amended (the “Act”) and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
A copy of the Company’s news release regarding the resignation of Mr. Skurtys is attached as Exhibit 99.1 hereto.
ITEM 3.02
UNREGISTERED SALES OF EQUITY SECURITIES.
As further described in Item 5.02 of this Form 8-K, on June 22, 2018, the Company issued to Mr. Skurtys 500,000 common shares of the Company to the provisions of Regulation S of the Act. Mr. Skurtys represented that he was not a resident of the United States and was otherwise not a “U.S. Person” as that term is defined in Rule 902(k) of Regulation S of the Act.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits
|
Exhibit Number |
Description of Exhibit |
|
10.1 |
Release Agreement between Jacek Skurtys and VGrab Communications Inc. dated May 31, 2018. |
|
99.1 |
News Release dated June 22, 2018. |
VGRAB COMMUNICATIONS INC. ExhibitEX-10.1 2 vgrbf_ex101.htm RELEASE AGREEMENT BETWEEN JACEK SKURTYS AND VGRAB COMMUNICATIONS INC. DATED MAY 31,…To view the full exhibit click here
About VGRAB COMMUNICATIONS INC. (OTCMKTS:VGRBF)
Vgrab Communications Inc. is a development-stage company engaged in the development of mobile applications for merchant and consumer use. The Company has over two mobile applications, including an application designed for consumers (the Vgrab Application) and an application designed for merchants (the Vgrab Merchant Application). The Company also has an online platform that it is developing to sell online goods (the Vmore Platform). In addition, it provides marketing services to merchants, including advertising on its Website and in its newsletters. The Vgrab Application is a mobile voucher application developed for smartphones using the Android and Apple iPhone operating system, and allows users to redeem vouchers on their smartphones at a number of retailers and merchants. The Vgrab Merchant Application is a mobile application for merchants wishing to advertise their products and services. The Vmore Platform is an online shopping Website in Malaysia.
