Creative Waste Solutions, Inc.

On August 2, 2017 the company agreed to buy 100% of Florida-based Creative Land Management, LLC for $2,600,000, contingent on raising sufficient funds. Payment is two $25,000 non-refundable deposits, $1,600,000 through seller financing with a security interest, and cash described as '$950,000,000', which is almost certainly a typo for $950,000 since the amounts must add to $2.6M (inference); the next filing corrects it. The filing says there was no prior dealing with the seller beyond negotiating the deal.

material agreement

On August 26, 2016 the company, now named Creative Waste Solutions, Inc., bought certain assets of Florida-based Easy Disposal, Inc. for $380,000, which includes 50,000 company shares valued at $2.00 each and the rest in cash. The assets are listed only in an exhibit whose contents are not shown. This is another waste-business purchase following the April and May 2016 deals.

asset acquisition disposition

On May 22, 2016 the company agreed to buy all the equity of Florida-based Integrated Waste Transportation Services, Inc. for $300,000 in cash plus 50,000 shares of its common stock. The filing says there was no prior dealing with the seller beyond negotiating the deal. This continues the waste-business buildup begun in April 2016, and the share issue adds some dilution.

material agreement

Now named Silverstar Resources, Inc. and based in Boca Raton, Florida, the company agreed on April 7, 2016 to buy 100% of Florida-based Creative Waste Solutions, LLC for $25,000. The filing says the company had no prior dealings with the seller beyond negotiating the deal. It is a small first step into waste business and is unrelated to the earlier mining and Arriba assets, which the filing does not mention.

material agreement

On July 22, 2013 the company swapped $175,028 of overdue demand loans (including accrued interest) from four lenders for convertible debentures due July 22, 2017. Two debentures are held by Tina Bressert ($41,118 at 10%, convertible at $0.0025 per share, and $3,297 at 17%, convertible at $0.35), plus Nottingham Group ($19,586), Petra Corp. ($75,754) and Elco Securities Ltd. ($35,273), all at 17% and convertible at $0.35. The filing says conversion could let Bressert buy up to 98.83% of the common stock, Nottingham and Petra (under common control) up to 75%, and Elco up to 34.13%, all on a non-diluted basis, so existing shareholders face heavy potential dilution. This is an amendment (No. 2) of an earlier report; the filing does not say what changed. The filing does not mention the Arriba deal or the exploration funding question.

capital raising announcement

Effective May 14, 2013 the company and Arriba's shareholders signed a revised agreement cutting the shares issuable for Arriba from 4,179,852 to 2,139,926; the warrants and other terms are unchanged. The filing says 2,039,926 shares previously authorized will be cancelled and returned to treasury (the arithmetic gives 2,039,926, though the reduced total is stated as 2,139,926 - the filing's figures differ from a straight subtraction by 100,000, which it does not explain). This reduces the dilution from the Feb 2013 closing. The exhibit is labelled as an agreement dated April 1, 2013, which the filing does not reconcile with the May 14 effective date. The company address is now Henderson, NV.

material agreement

The Arriba Resources share exchange announced in December 2012 closed on February 15, 2013: the company issued 4,179,852 shares plus warrants over 2,078,477 shares at $1.75 for 360 days. Arriba holds 70% of a drilling company and 50% of the La Palma gold and silver property in Mexico, with an option for a further 30%. The company says its business focus is now operating that drilling company and exploring La Palma. Mexican Resources Ltd. became the control shareholder, with 1,319,852 shares and equal warrants, about 46.4% of voting securities. This resolves the open question of whether the deal would close.

asset acquisition disposition

On December 27, 2012 the company agreed to buy all of Arriba Resources Inc., a Canadian-incorporated company, for 4,179,852 of its shares. Closing depends on conditions including consents, no material adverse change, Arriba having no more than 20,899,262 shares, due diligence and audited September 30, 2012 financials, and the filing says there is no assurance it will complete. The company's address is now Jersey City, NJ.

material agreement

The board approved selling 125,000 units at $0.40 ($50,000 total) to Larry Frick, each unit being one share plus a two-year warrant exercisable at $0.70 (not exercisable for six months). The filing says this leaves 167,669 shares outstanding and Frick owning about 75%, a very small share count compared with the 60 million-plus shares of 2008 (the filing does not explain the drop, though a reverse split is a possible inference). Frick becomes the controlling shareholder.

capital raising announcement

Two insiders agreed to hand back shares for cancellation with no payment: president Donald James MacKenzie 1,200,000 shares (agreement October 16, 2008) and former director/officer Greg Cowan 15,000,000 shares (September 30, 2008). This reduces the number of shares outstanding, which is a positive for remaining holders' percentage ownership.

material agreement

The Silverdale purchase closed on July 24, 2008, resolving the June agreement: 4,334,000 new shares were issued, leaving 60,834,000 shares outstanding, with Silverdale's former holders owning about 7.12%. The filing also describes the company as an exploration-stage miner with its Rose Prospect claim in Nevada, Silverdale's option on eight Idaho claims (to date $50,000 paid of a $1,000,000 cash commitment), a March 31, 2008 agreement for a 50% interest in the Silver Strand mine with New Jersey Mining Co. (expected to close by July 31, 2008), and a $250,000 private placement of 1,000,000 shares at $0.25 closed July 23, 2008. The company was formerly a shell, so this filing gives full business information.

business combination

The company, filing under the name Silverstar Mining Corp., agreed on June 13, 2008 to buy all of Silverdale Mining Corp., an Idaho-focused exploration-stage mining company, by issuing 4,334,000 of its shares to Silverdale's shareholders. The deal was conditional (including delivery of audited financials) and the filing says there was no assurance it would close.

material agreement