Going current very very soon! BRKK
HENDERSON, Nevada, January 15, 2019 /PRNewswire/ --
BRK, Inc. (BRKK) announced today that it has completed a transaction with Continuation Capital Inc.
"I am pleased to announce that the transaction is complete, and that Continuation Capital Inc. has paid all of the debts submitted in our 3a10. We anticipate issuing approximately 104 million shares in exchange for the debt they held. The remainder of the 300 million shares that have been previously reserved, will be released back to the Company and will not be issued," said Daniel Serruya, President, CEO of BRK Inc.
The debts were a mix of some convertible notes and professional service invoices. These invoices consisted of some legal expenses derived from BRKK's successful lawsuit ruling against iSee Automation, Inc. on March, 27, 2018 and some accounting invoices that will permit BRKK to once again file with OTC Markets in the near future.
About BRK, Inc.
BRK, Inc. Returns 185,842,723 Common Shares Back to Treasury
HENDERSON, Nevada, Feb. 19, 2019 /PRNewswire/ -- BRK, Inc. (OTC PINK: BRKK) is pleased to announce the final transaction numbers for the completed 3a10 with Continuation Capital are as follows:
Total debt and payables retired $169,631.28
Total shares reserved for transaction 300,000,000
Total shares issued for transaction 114,157,277
Total Shares returned to treasury 185,842,723
BRK announces the completion of the 3a10 with Continuation Capital, which has permitted management to pay off a mix of notes and professional service invoices. Daniel Serruya, President, CEO of BRK, Inc. commented, "this transaction allowed management to kick off its efforts toward restructuring the company. Next steps include removing larger creditors form the balance sheet while moving our technology forward and creating a number of new, profitable applications."
BRK's legal team is anticipating being able to file its declaration of damages against iSee Automation Inc. with the courts later this week. A further announcement will be made once the damages have been approved. BRK's Intellectual Property is the cornerstone of its shareholder's value and will be defended over all distribution channels.
About BRK, Inc.
