Calyx Ventures Inc V.CYX.H

FORDE GETS 400K FOR SELLING COMP EQUIP.TO CYX !!

[bohemian61]

8. ACQUISITION OF CANADA BLOCKCHAIN HOSTING CORP. On November 14, 2017, the Company acquired 100% of the outstanding common shares and preferred shares (the “Transaction”) of Canada Blockchain Hosting Corp. (“CBH”), for consideration of $400,000 cash. CBH held certain equipment and software. The transaction has been accounted for as an asset acquisition with the value of the computer equipment and software acquired in the transaction expenses as development expenses during the year ended December 31, 2017. CALYX VENTURES INC. (formerly CALYX BIO-VENTURES INC.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Canadian Dollars) For the years ended December 31, 2017 and 2016 13. RELATED PARTY TRANSACTIONS (continued) During the year ended December 31, 2017, CBH, a wholly owned subsidiary of the Company, purchased $400,000 of computer equipment and software from a company controlled by the CEO. "A.K.A. FORDE" (emphasis mine) .