Amfil Technologies Inc (FUNN)

[Felo31]

“Following the audit and uplist, the company will execute a spin-off of the Interloc-Kings Inc. subsidiary into a separate publicly traded entity, which all shareholders at the date of record will receive shares in.”

https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-on-Audit-Completion-Uplisting--Dividend-Franchising-and-General-Company-Operation?id=172516

Amfil Technologies Inc. Announces Shareholder Dividend From Subsidiary Spin-Off

“TORONTO, ON--(Marketwired - Jun 21, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that it has decided to spin-off the Interloc-Kings Inc. subsidiary into a new public entity, leaving Snakes & Lattes Inc. and GROzone as subsidiaries of Amfil Technologies Inc. (AMFE). In conjunction with the spin-off, shareholders will be awarded with a one-time share dividend in the newly formed entity based upon their holdings of Amfil Technologies Inc.

Overview:

Interloc-Kings Inc. will spin-off into a new public entity

Snakes & Lattes Inc. and GROzone will remain as subsidiaries of Amfil Technologies Inc. (AMFE)

Shareholders of Amfil Technologies Inc. will retain all holdings in Amfil and in addition will be awarded shares in the newly formed entity.

Management is in the process of reviewing an acquisition for the new entity which would significantly increase shareholder value.

Further details relating to plans for the new entity will be released as they develop.

The spin-off will occur upon completion of the previously announced company audit, form-10 re-registration to become fully SEC reporting, and up-list submission...”

“Management will determine a record date, all shareholders of Amfil Technologies Inc. (AMFE) on the record date will then be awarded a pro-rata share dividend of the new entity which will house Interloc-Kings Inc., the amount of which will be based upon their holdings in AMFE. Amfil's management feels that the spin-off of Interloc-Kings Inc. is the perfect opportunity to provide a well deserved bonus to our loyal shareholders, with potential for significant growth moving forward for their holdings in both entities.”

https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Shareholder-Dividend-From-Subsidiary-Spin-Off?id=162673

Sounds a lot more exciting now doesn’t it?