Filing Details

Accession Number:
0001002014-16-000622
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-24 14:53:50
Reporting Period:
2016-03-16
Filing Date:
2016-03-24
Accepted Time:
2016-03-24 14:53:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1390533 Smartchase Corp. SCHS Blank Checks (6770) 204765268
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1653232 Lawrence Thomas Jones 11265 De La Topaze
Mirebal A8 J7N 0K5
Director, Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-03-16 17,500,000 $0.00 17,500,000 No 4 P Indirect See Note 3
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Note 3
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Convertible Debentures Acquisiton 2015-12-31 0 $250,000.00 0 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-12-31 2017-06-30 No 4 P Indirect
Footnotes
  1. On December 31, 2015 SmartChase Corp. issued 250 Convertible Debentures at a price of $1,000 per Convertible Debenture, to Northern Coast Financial Inc. for an aggregate of$250,000.00. Thomas Jones is the President and Chief Executive Officer of Northern Coast Financial Inc.
  2. The Debentures have a term of eighteen (18) months from December 31, 2015 (the "Maturity Date"), bear interest at a rate of 14% per annum, payable on the Maturity Date, shall be converted into common shares of the Corporation ("Debenture Shares") at the following conversion price: $0.07 per share within six (6) months of issuance, $0.10 per share between six (6) to twelve (12) months, and $0.15 per share between twelve (12) to eighteen (18) months.
  3. The shares are owned indirectly by the Reporting Person as President & CEO of Northern Coast Financial Inc.