Vancouver, British Columbia–(Newsfile Corp. – June 26, 2018) – Cruz Azure Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) (the “Company”) announces that, as a aftereffect of a ysis by the British Columbia Balance Commission, the Aggregation is arising the afterward columnist absolution to yze its accessible disclosure.
Consulting and Branding Expenses
The Aggregation incurred the afterward consulting and branding costs for the year concluded July 31, 2017 and for the nine months concluded April 30, 2018:
Consulting fees paid by the Aggregation for the periods set out aloft about accommodate the afterward three categories: agenda business and accumulated branding; accumulated and business advisory; and secretarial and abstracts access services.
Total consulting fees during the nine months concluded April 30, 2018 consisted of $125,000 (year concluded July 31, 2017: $Nil) for agenda business and accumulated branding. Such fees were about paid to third affair alien consultants for business and accumulated branding purposes as added declared below. The Aggregation paid $63,000 (year concluded July 31, 2017: $111,367) for business advising services. Such payments were about fabricated to third affair consultants for assertive accumulated advisory, cardinal planning and accompanying advising casework that assisted in activity evaluation. The Aggregation paid $41,988 (year concluded July 31, 2017: $77,285) for centralized secretarial and abstracts access services.
Total accumulated branding costs of $488,102 during the nine months concluded April 30, 2018 and $324,126 for the year concluded July 31, 2017 included the following:
To management’s knowledge, none of the entities aloft had any interest, absolute or indirect, in the buying of the Company’s balance on or above-mentioned to access into actuality affianced by the Aggregation for accumulated branding services. Payments for such casework alone consisted of cash, and no b options were accepted by the Aggregation for such services. Unless set out below, all arrange were fabricated on a exact base and acquittal was fabricated by the Aggregation from banknote on duke afterward commitment of an balance for such services. Generally, invoices were delivered and acquittal was fabricated on a prepaid base above-mentioned to the casework actuality provided.
The Company’s President, administrator or consultants abounding the afterward above barter shows or conferences on account of the Company:
Material Consulting Agreements
On December 1, 2017, the Aggregation entered into two consulting agreements with Bazaar IQ Media Group Incorporated and VibraSlim Sales Inc. Each of the arm’s breadth consultants were retained to accommodate agenda business primarily application Google ads, agenda media, accumulated advisory, branding and cardinal business casework to the Aggregation over an 18 ages aeon for application of $350,000 to Bazaar IQ and $100,000 to VibraSlim. The Aggregation prepaid the absolute bulk of $450,000 to these two entities application banknote on hand. Bazaar IQ is amid in Vancouver B.C. and endemic by Brady Middleditch. VibraSlim is amid in Vancouver B.C. and endemic by Chris Jackson. To management’s knowledge, at the time of entering into the agreements, neither Bazaar IQ nor VibraSlim had any interest, anon or indirectly, in the Aggregation or its securities, or any appropriate or absorbed to access such an interest. The Aggregation did not admission any options to these two entities in affiliation with the agreements. Subsequent to access into the consulting agreements, MarketIQ and VibraSlim subscribed for 2,000,000 units of the Aggregation in a clandestine adjustment that bankrupt on December 22, 2017 for absolute cable bulk of $450,000. Each assemblage consisted of one accepted allotment of the Aggregation and one allotment acquirement accreditation which advantaged the holder to acquirement one added accepted allotment of the Aggregation at a bulk of $0.30 per allotment until December 22, 2019. The Aggregation accustomed abounding acquittal for the clandestine adjustment units from these two entities by cheque.
Stock Option Grants
The Aggregation accepted a absolute of 5,900,000 b options to its consultants during the nine months concluded April 30, 2018 and 7,725,000 b options during the year concluded July 31, 2017 as follows:
If you would like to be added to Cruz’s email account amuse accelerate an email to [email protected] or cheep @CruzCobalt
James NelsonPresident604.899.9150Toll chargeless 1.855.599.9150
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this columnist release.
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