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
- 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.
- 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.
- The shares are owned indirectly by the Reporting Person as President & CEO of Northern Coast Financial Inc.