05:06:22 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Global Remote Technologies Ltd
Symbol RGT
Shares Issued 33,178,338
Close 2015-09-18 C$ 0.18
Market Cap C$ 5,972,101
Recent Sedar Documents

Global Remote closes five-million-share issue to Smith

2015-09-18 20:09 ET - News Release

Mr. Chris Dorris reports

GLOBAL REMOTE TECHNOLOGIES CLOSES CORPORATE OPPORTUNITIES PURCHASE AGREEMENT

Global Remote Technologies Ltd. closed today the purchase transaction pursuant to the corporate opportunities purchase agreement previously announced on Sept. 10, 2015, with Kane Smith, president and a director of the company.

Pursuant to the purchase agreement, Mr. Smith agreed to sell, assign, transfer, convey and deliver to the company all of his right, title and interest in and to certain assets and rights as described in the purchase agreement, including the Trinity Energia contract dated July 1, 2015. In consideration of the sale by Mr. Smith of the assets, the company paid him an aggregate purchase price of $900,000, by issuing five million common shares of the company at a deemed price of 18 cents per share. The securities are subject to certain resale restrictions as set out in a stock restriction agreement executed by Mr. Smith.

We seek Safe Harbor.

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