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8k out. Float 34k

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adijas Member Level  Tuesday, 10/02/18 01:38:48 PM
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8k out. Float 34k

On September 17, 2018, Sears Oil and Gas Corporation, a Nevada corporation (the "Company") filed a Form 8-K to disclose that on September 13, 2018, it had entered into an Asset Purchase Agreement (" Agreement ) with Human Brands International, Inc., a Nevada corporation (" HB I"). Pursuant to the Agreement, the Company agreed to acquire from HBI certain assets of HBI (the “ Assets ” ) in exchange for 3,5000,000 shares of common stock of the Company and $50,000 in cash (the " Acquisition "). The acquisition transaction was completed on September 28, 2018 and the shares were issued and delivered and the cash portion of the purchase price was paid on that date. The Assets acquired are certain “ Tequila Alebrijes Products and Property Rights ”


We believe that as a result of the acquisition of the Assets in the Asset Purchase transaction, we are no longer a shell corporation. The Company intends to file a “ Super Form 8-K ” in the near future


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