Cherubim Interests Inc (CHIT)

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Dividends: We have also created a series of Anti-Dilutive, Convertible Preferred Shares in order to protect our majority stakeholders. This move insulates them from past, present, or future dilution in the open market by providing these anti-dilutive securities as a dividend payment. We will be addressing the dividend for all shareholders of record early in the new year.

S-1 Registration Statement

On November 22, 2016 the company entered an Investment Agreement with Tangiers Global, LLC , in which Tangiers has agreed to purchase up to five million dollars ( $5,000,000 ) of the Company's common stock via S-1 registration statement. Legal is currently drafting all documentation and the company expects to begin the filing process in early 2017.

Debt Reduction

Cherubim Interests has been able to successfully retire both affiliate and non-affiliate debt from the company's balance sheet. Since May 31, 2015 the company has successfully eliminated over $2,000,000 of affiliate and non-affiliate debt from the company's books.