Vortex Brands Co (VTXB)

[$b_rich$]

BOOM!

https://ih.advfn.com/p.php?pid=nmona&article=76802296



On February 25, 2018, the Company facilitated the reverse merger between Vortex Brands and Blockchain Energy. The Company will receive 998,000 shares of a new created Series C Preferred Stock. The Preferred Stock is convertible after 24 months from the date of issuance and can be converted into 100 shares of common stock. As part of the acquisition of Blockchain Energy, Vortex Brands will issue 117,000,000 shares of common stock that will be restricted for at least 1 year from issuance and 9,996,000 shares of Series C Preferred Stock that cannot be converted for at least 24 months from issuance. After the acquisition, Vortex Brands will have approximately 207 million shares outstanding. The acquisition documents are currently being executed and the transaction should close by February 28, 2018. Blockchain Energy, Inc. is a company based in Sacramento that is engaged in projects related to the utilities and energy sectors.