Tuesday, June 28, 2016 9:04:11 AM
NOTE 8 SUBSEQUENT EVENTS
In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through May 13, 2016, the date the financial statements were issued.
On April 4, 2016, the Company issued 12,000 shares with a fair value of $302 ($0.0252/share) to a consultant as consideration for consulting fees owed from October 1, 2015 through March 31, 2016 of $6,000. The issuance of shares resulted in gain on settlement of accounts payable of $5,698.
On April 7, 2016, the Company issued 1,917,012 shares in connection with the cashless exercise of 1,200,000 warrants.
On April 25, 2016 the Company issued 5,952,381 share of common stock for $100,000 ($0.017/share).
On May 4, 2016, the Company issued 7,627,907 shares in connection with the cashless exercise of 8,000,000 warrants.
https://www.sec.gov/Archives/edgar/data/1413119/000165495416000512/kblb_s1.htm
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