Equator Beverage Co. (MOJO)

[Fred31]

JERSEY CITY, N.J., June 3, 2022// — MOJO Organics Inc. (OTC: MOJO) announces its recent efforts at capital restructuring.



It continues to be a goal of the Company to have a simple and easy to understand capital structure for stakeholders.



From April 1 to June 3, 2022, MOJO has completed the purchase of 910,685 shares of its Common Stock. This brings the total common stock repurchased in 2022 to 1,660,685 shares which is 5.30% of the total outstanding shares. All repurchased shares were cancelled and returned to Treasury.



In June, an Officer and Director exercised an option to purchase 318,108 common shares at an exercise price of $0.08 per share, with total proceeds to the company of $25,448.64.



As of June 3, 2022, MOJO has one class of common stock outstanding, with no derivative securities or rights to acquire common stock, including options, warrants and convertib