Bitech Technologies Corp
For the period ended Jun 30, 2024. Filed Aug 15, 2024.
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Jun 30, 2024 · Filed Aug 15, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
The following information represents securities sold by us during the quarter ended June 30, 2024 which were not registered under the Securities Act. Included are new issues, securities issued in exchange for property, services or other securities, securities issued upon conversion from our other share classes and new securities resulting from the modification of outstanding securities. We sold all of the securities listed below pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act, or Regulation D or Regulation S promulgated thereunder and Section 3(a)(10) of the Securities Act.
During February and March 2024 the Company sold 3,657,143 unregistered shares of its Common Stock to five private investors for an aggregate of $256,000 ($0.07 per share)
During June 2024 the Company sold 1,500,000 unregistered shares of its Common Stock to five private investors for an aggregate of $140,000 ($0.08 per share)
As of March 31, 2024, the Company agreed to issue 247,327 shares of its Common Stock to its legal counsel as partial payment for legal services for the three months ended March 31, 2024. The shares were valued at $23,499.
As of June 30, 2024, the Company agreed to issue 282,125 shares of its Common Stock to its legal counsel as partial payment for legal services for the three months ended June 30, 2024. The shares were valued at $24,898.
The Company issued 2,000,000 of restricted securities awards valued at $120,000 ($0.06 per share) during January 2024 and recorded $30,000 as stock compensation expense in the quarter ended March 31, 2024 as payment for services provided by two employees of the Company.
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