“Pursuant to a Note Purchase Agreement dated as of March 27, 2017 by and between the Company and Rimrock Gold Corp, (“Rimrock”), the Company agreed to fund up to $300,000 to settle outstanding convertible debt of and accounts payable by and on behalf of Rimrock, for the ultimate acquisition of Rimrock, a currently inactive public company located in Las Vegas, Nevada. The Company expects to consummate the acquisition in the fourth quarter of 2017. For the period from inception to June 30, 2017, the Company advanced $107,000 on behalf of Rimrock to settle the aforementioned liabilities.”
Rimrock Gold Corp (OTCMKTS:RMRK) had trumpeted itself as a Nevada corporation acting as a diversified mineral exploration company focused on identifying, acquiring, advancing, and drilling high-grade Gold-Silver metal exploration projects in Nevada.
However, it would now appear that the ticker is destined to represent The Crypto Company, which is currently a wholly owned subsidiary of Croefit (CROE), which had been presenting itself as a fitness clothing and apparel company.
The proof comes from the note posted above from Croe’s 10-Q, and from this additional note: “On June 7, 2017 (the “Transaction Date”), as a result of the Stock Sale, the Stock Dividend and the Share exchange, each as hereinafter described, (i) The Crypto Company, a Nevada corporation (“Crypto”), became a wholly owned subsidiary of Croe; (ii) all of the former shareholders of Crypto became shareholders of Croe, on a pro-rata basis; and (iii) the operations of Croe solely consisted of the operations of Crypto.”
That leaves this company as the following: “We are developing proprietary technology, including trading management and auditing software, tools and processes, to assist both traditional companies, from start-up businesses to well-established companies, and decentralized autonomous organizations with their design protocol and connect such companies and teams to the resources required to operate and/or trade in cryptocurrencies..”
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