HK Graphene Technology Corp. (fka HKGT)

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ListenToMe Free

12/30/15 10:56 AM

Post #10

Re: #9: @db7 - 8k, excerpt:

interesting

db7

12/30/15 10:24 AM

Post #9

8k, excerpt:

"

Item 5.01

Changes in Control of the Registrant.

Reference is made to that certain Securities Purchase Agreement, dated as of December 22, 2015 (the “Effective Date”), between American Compass Inc., a California corporation (the “Seller”) and Ford Cheer International Limited, a company organized and existing under the laws of the British Virgin Islands (the “Purchaser”), attached hereto as Exhibit 10.1 and hereby incorporated in its entirety into this Item 5.01 (the “Purchase Agreement”).

Pursuant to the Purchase Agreement, the Seller will sell to the Purchaser, Three Thousand Six Hundred Eighty-Three (3,683) shares (the “Shares”) of Series B stock of HK Graphene Technology Corporation, a Nevada corporation (the “Company”), for an aggregate purchase price of Three Hundred Thirty-six Thousand Six Hundred and Sixty-seven United States Dollars ($336,667) (the “Transaction”). The Transaction is scheduled to close within thirty (30) business days after the Effective Date (the “Closing”). The Purchaser has advised the Company that it will use funds from its operating capital to purchase the Shares.

Effective as of the Closing, the Purchaser will be the beneficial owner of approximately 73.5% of the Company’s issued and outstanding capital stock on a fully-diluted as-converted basis

"