Wednesday, May 18, 2022 11:12:41 AM
(a) Change in Control
(1) Bondock LLC. (“Bondock”), a Nevada limited liability company owned by Brian Lovig has acquired control of Arvana Inc. (“Arvana”).
(2) The change in control was effective May 10, 2022, pursuant to an agreement for the sale and purchase of thirty-one million one hundred and two thousand eight hundred and eighty-two (31,102.882) shares of common stock by certain affiliated and unaffiliated stockholders of Arvana to Bondock in exchange for an unsecured interest free promissory note in the amount of two million dollars ($2,000,000) due on or before May 9, 2024 (“Note”).
(3) The basis for the change in control is Bondock’s direct ownership of 31,102,882 shares of Arvana representing 91.08% of its outstanding common stock.
(4) The consideration paid to effect the change in control is the Note.
(5) Bondock will rely on its own funds to satisfy the Note.
(6) The persons from whom Bondock assumed control are Altaf Nazerali, entities over whom Mr. Nazerali exercises beneficial ownership namely International Portfolio Management, Inc. and Valor Invest Ltd., 681315 B.C. Ltd. an entity beneficially owned by Jaisun Garcha, John Baring an Arvana director and stockholder, and Raymond Wicki, an Arvana stockholder.
(7) None.
(8) Arvana is a shell company as that term is defined in Rule 12b-2 of the Exchange Act.
SOURCE: https://www.otcmarkets.com/filing/html?id=15828804&guid=lxKwkqHKGkcjdth
I think on a skim that this is the company, although not absolutely certain at this time:
https://bondock.com/news-release/bondock-news-release-las-vegas-nevada-march-2-2020-bondock-is-a-capital-market-investor/
Bondock Ltd. has invested an additional $500,000.00 into a $2 million debenture of FirstShot Fund Inc.
“This investment is well secured, pays a good interest rate and there’s a conversion feature to units of shares and warrants for a big potential upside” says Brian Lovig, founder and chairman, Bondock Ltd.
Brian Lovig is mentioned in our filing of change of control.
IFF I'm correct, the following is impressive:
Bondock Ltd. (Canada) and Bondock, LLC (US) are capital market investors engaged in the trade and holdings of financial securities like debentures, stocks, bonds and cryptocurrency. Bondock has no debt and holdings include more than 20 million shares of junior and blue chip companies plus other investments in its portfolio.
Taken from this PR on that website: https://bondock.com/news-release/news-release-las-vegas-nv-may-7-2021/
Seems to be corroboration to me. The company claims to be private. Although as of today, that could be in the process of change. I look forward to a PR from them for verification...
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