Defense Technologies International Corp (DTII)

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Defense Technologies International Corp. Files An 8-K Material Modification to Rights of Security Holders.

On December 11, 2018, the Defense Technologies Board of Directors unanimously resolved to revise the terms of the company’s Series A and Series B Preferred Shares. Under the new terms, the conversion right of both Series A and B Preferred Shares was changed from the present ten (10) shares of DTII Common Stock for each one (1) share of Preferred Stock, to the new conversion right of five (5) shares of DTII Common Stock for each one (1) share of Preferred Stock. The revised conversion terms apply to all issued and outstanding Preferred Shares and to future issuances of Series A and Series B Preferred Stock. The Board has received the unanimous consent to the changed terms from each current Preferred shareholder.

As of the date hereof, there are issued and outstanding 2,925,369 shares of Series A Preferred Stock and 520,000 shares of Series B Preferred Stock. In addition to the conversion right, the Series A Preferred Shares have Common Stock voting rights on the basis of 100 votes per each Series A Share. Series B shares carry no voting rights.

Item 8.01 Other Items.

DTII is announcing that it has entered into a service agreement with Integrity Media, whereby Integrity will become the company’s investor relation agency of record for a three-month period. Under the terms of the agreement, Integrity will provide dedicated phone support and e-mail responses to shareholders and other interested parties. Integrity will also assist in preparing and distributing press releases, message board monitoring and general consulting and assistance in financial communication and market strategy.

Management believes that Integrity’s services will assist in exposing DTII and its Passive Scanning Technology to the investing public. In consideration for its services, DTII will issue to Integrity shares of restricted DTII common stock.

Defense Technologies International Corp. (OTCMKTS:DTII) Files An 8-K Material Modification to Rights of Security Holders