STQN change of control On October 19, 2017, Strategic Acquisitions, Inc., (the “Company” or the “Registrant”) , underwent a change of control of ownership. In a private transaction, John P. O’Shea, President of the Company, entered into a Security Purchase Agreement and sold 750,000 Control Common Shares from his personal holdings of Strategic Acquisitions, Inc. to NextCoal International, Inc. (“NCI”) (see exhibit 99.1). Prior to the transaction NCI owned 875,000 restricted Common Shares of the Company. Following this transaction, NCI owns 1,625,000 restricted Common Shares of the Company.
The Company has 2,515,000 Common Shares issued and outstanding. NCI’s 1,625,000 Common Shares represents approximately 64.6% ownership in the Company.
With the change of ownership control, on October 15, 2017, Jonathan Braun, the President of NCI has been added as a Director of the Company. John P. O’Shea has agreed to maintain his positions as Officer and Director of the Company.
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