4//SEC Filing
SMARTCHASE CORP. 4
Accession 0001002014-16-000622
CIK 0001390533operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 2:53 PM ET
Size
8.3 KB
Accession
0001002014-16-000622
Insider Transaction Report
Form 4
SMARTCHASE CORP.SCHS
Jones Thomas Lawrence
DirectorDirector, & Interim CEO
Transactions
- Purchase
Common stock
2016-03-16$0.00/sh+17,500,000$5,250→ 17,500,000 total(indirect: See Note 3) - Purchase
Convertible Debentures
2015-12-31$250000.00/sh+0$0→ 0 total(indirect: See (1))From: 2015-12-31Exp: 2017-06-30→ common stock (0 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]The shares are owned indirectly by the Reporting Person as President & CEO of Northern Coast Financial Inc.
Documents
Issuer
SMARTCHASE CORP.
CIK 0001390533
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001390533
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 2:53 PM ET
- Size
- 8.3 KB