Power Americas Resource Group Ltd. acquired Assets related to 3D/4D Printing Technology from Boris Goldstein on September 9, 2022. The aggregate purchase price for the Assets is 30,000,000 restricted shares (the ôSharesö) of the CompanyÆs common stock (the ôPurchase Priceö) which are payable immediately. Each of Company and Goldstein have made customary representations, warranties, covenants, and indemnities in connection with the Acquisition. Kevin G. Malone resigned from all positions with the Company, effective as of September 13, 2022 including those of President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary Director. The resignations were not the result of any disagreement with the Company on any matter relating to the CompanyÆs operations, policies or practices. On September 13, 2022, Mark Croskery was appointed as the CompanyÆs President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director and Boris Goldstein was appointed as the CompanyÆs Secretary and Director. The expected closing date is on or before September 30, 2022 and subject to seller's board of directors and shareholders approval.
Power Americas Resource Group Ltd. completed the acquisition of Assets related to 3D/4D Printing Technology from Boris Goldstein on September 9, 2022.