TSXV:CYX.H - Post by User
Post by
bohemian61on Jun 03, 2019 11:16pm
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Post# 29796000
FINANCIALS ON SEDAR JUST RELEASED !!
FINANCIALS ON SEDAR JUST RELEASED !! CALYX VENTURES INC. (formerly CALYX BIO-VENTURES INC.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Canadian Dollars) December 31, 2018 19. SUBSEQUENT EVENTS On January 2, 2019, $25,953 in bitcoin was applied against the Company’s outstanding balance related to the Services Agreement. On April 8, 2019, a Notice of Civil Claim was filed against the Company. The claim asserts that the Company is in breach of its Services Agreement (Note 5) and the vendor is seeking payment of outstanding balances of $142,337 and further damages due to breach of contract. On April 21, 2019, the Company entered into a settlement agreement and the Civil Claim was formally discontinued. Under the terms of the settlement, the Company agreed to issue 1,000,000 in common shares of the Company at $0.05 per share, and to dispose all equipment for provision of hash rate with a carrying value of $480,850 to the vendor in exchange for the early termination of the Services Agreement. The termination agreement represents settlement of all obligations under the Services Agreement.=========
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