Trans-Pacific Aerospace Company Inc. (fka TPAC)

[flemsnopes]

In case you missed this item at the end of the most recent 10Q, I am providing it here for your consideration.


Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

During the three months ended July 31, 2012, we entered into various purchase agreements with accredited investors for the sale of 1,930,443 shares of our common stock at a prices of $0.04 and $0.0363 per share. Cash of $71,000 was received and 1,129,478 shares were issued during the three months ended July 31, 2012. The remaining 800,965 shares were issued in August 2012. In connection with one of the purchase agreements, in August 2012, the Company issued 25,000 shares of its common stock to a shareholder as finders fee.

In August 2012, the Company issued 200,000 shares of its common stock to a consultant in exchange for accounting services valued at $12,000.

In September 2012, the Company entered into a purchase agreement with an accredited investor for the sale of 1,000,000 shares of its common stock at a price of $0.0363 per share. Cash of $36,300 was received and the shares were issued on September 7, 2012.


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