Youngevity International Inc (fka YGYI)

[Auricgoldfinqer]

They are building a coffee processing mill in Nicaragua.

At a cost of about $9.4 million dollars of which Youngevity will contribute $4.7 million, and of which they will have 50% ownership, but 75% of the profits.

There is also a transfer of ownership of 153,846 shares of YGYI stock to the Nicaraguan partner by CLR (Youngevity's coffee segment) as consideration for its percentage ownership of the Property.

Youngevity has also agreed to issue 295,910 shares of its common stock to the to the Nicaraguan partner to pay for certain working capital, construction and other payables.

Youngevity has already paid $900,000 dollars to the project and the remainder of their $4.7 million dollar share will by paid by July 15th 2019.

It was also noted in the 8-K that CLR has purchased their partners espresso brand, Café Cachita, in consideration of the issuance of 100,000 shares of the Company’s common stock.
The shares of common stock issued were valued at $7.80 per share.

The mill will be constructed on a 45 acre tract of land in Matagalpa, Nicaragua.