Evolution Blockchain Group Inc.

Evolution Blockchain Group acquired Gamebitcoin - an ERC-20 gaming token and related blockchain gaming apps - from 10604496 Canada Corporation for 26,400,000 restricted shares, its second and largest crypto-asset purchase in two months.

asset acquisition disposition

Newly renamed Evolution Blockchain Group made its first real acquisition under the crypto pivot, buying the Drivecoin project - a peer-to-peer blockchain platform for buying, selling and financing cars - from Stockbridge Inc. for 10,000,000 restricted shares.

asset acquisition disposition

With the Garmatex deal dead, new management pivoted the company toward crypto: the board approved a 100-for-1 reverse stock split (cutting shares outstanding from about 38.4 million to roughly 384,000) and a renaming from Garmatex Holdings Ltd. to Evolution Blockchain Group Inc.

bylaws amendment

The Garmatex Technologies merger - the company's central storyline since March 2016 - formally fell apart: the Arrangement Agreement was terminated, Devon Loosdrecht sold his 46% control stake for just $5,000 to James Bregani (holding it in trust for son Robert Bregani, already a creditor of the company) and resigned, and geologist Lawrence Stephenson took over as sole officer and director.

business combination

Rather than complete the full Garmatex merger, Garmatex Holdings instead licensed Garmatex Technologies' fabric-technology IP directly (patented T3, Bact-Out, CoolSkin and related brands) in exchange for cancelling about CAD$954,000 the company was owed by Garmatex under an earlier loan; the deal gave Garmatex Holdings its first real operating business and ended its shell-company status, while the merger's outside closing date was pushed to May 31, 2017.

asset acquisition disposition

Ahead of the Garmatex merger, Oaxaca Resources renamed itself Garmatex Holdings Ltd. and executed a 12.5-for-1 forward stock split, taking shares outstanding from about 2.65 million to about 33.2 million; a new ticker (GRMX) was set to take effect in September 2016.

bylaws amendment

Oaxaca Resources and Garmatex Technologies signed a definitive Arrangement Agreement to complete their reverse merger, under which Garmatex shareholders would receive about 25.7 million shares of the company (to be renamed Garmatex Technologies, Inc.) to develop and sell Garmatex's scientifically-engineered fabric technologies.

business combination

Oaxaca Resources signed a letter of intent for a reverse-merger-style arrangement with Garmatex Technologies, a private British Columbia apparel/fabric-technology company, under which Garmatex shareholders would end up controlling the renamed combined company; concurrently, CEO Mike Gilliland resigned and Devon Loosdrecht (who had separately just bought a majority stake from founder Jose Montes) took over as sole officer and director.

director officer appointment

Oaxaca Resources Corp., a newly incorporated Nevada shell led by sole officer/director Jose Montes, filed to register 1,700,000 shares at $0.0075 each (up to $12,750) for its IPO, backed only by an unexplored Mexican mineral claim.

securities registration