Wincash Apolo Gold & Energy, Inc. (OTCMKTS:APLL) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
Unregistered Sale of Equity Securities.
On October 12, 2017 the Registrant issued 20,000,000 shares of its common stock to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The offering was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares and the manner of the offering. In addition, the Purchaser represented that it had the necessary investment intent as required by Section 4(2) and agreed to and received share certificates bearing a legend that stated that the securities were restricted to Rule 144 of the Securities Act.
The specifics of this transaction are described in Item 8.01 below.
Item 8.01 Other Events.
On October 12, 2017 the Company exchanged 20,000,000 shares of its common stock for 50,000 shares of the common stock of Gain First Group Corporation ("Gain First"), a Corporation formed under the laws of the British Virgin Islands. As a result of that transaction, Gain First is now a wholly owned subsidiary of the Company.
Gain First is a newly formed startup Company with nominal assets and no history of operations.
About Wincash Apolo Gold & Energy, Inc. (OTCMKTS:APLL)
Wincash Apolo Gold & Energy, Inc. is primarily formed for the purpose of acquiring and developing mineral properties. The Company will continue to anticipate mineral property exploration and other energy related investments. The Company does not hold any mineral property exploration claims. The Company continues to pursue opportunities in the natural resource industry and will consider the acquisition of any other business opportunity. The Company has not generated any revenue.