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Wednesday, November 20, 2013 3:21:51 PM
Management has evaluated events occurring after the date of these financial statements through the date that these financial statements were issued. On October 1, 2013, the note of $275,000 was satisfied by the Company (see note 5 of the Financial statements).
On November 8, 2013 the President agreed to return the 1,050,000,000 shares of Company stock issued to him and return those share to the Treasury and as agreed the Company issued a Note in the amount of $25,000 with a 6% interest rate per annum and all due and payable in six months for the return of those shares.
On November 15, 2013 President of the Company negotiated a merger agreement between Kleangas Energy Technologies, Inc. and Green Day Technologies, Inc., with Kleangas Energy Technologies, Inc., being the surviving Company. The Merger agreement is being prepared by the Companies Attorney and is to be finalized on or before November 30, 2013.
On November 20, 2013 The Board of Directors of Kleangas Energy Technologies, Inc., offered the position of CEO to Mr. Bo Linton who is also President of Green Day Technologies, Inc. which when the merger is complete will become Kleangas Energy Technologies, Inc.
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