Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
GIB Capital Group, Inc.
A Nevada Corporation
2616 Willow Wren Dr.
North Las Vegas, NV 89084
Phone: (415) 841-3570
Website:https://xinhuachina.wordpress.com/
Email: xinhuachinese@hotmail.com
SIC Code: 5190
Annual Report
for the Fiscal Year ended June 30, 2022
(the "Reporting Period")
As of June 30, 2022, [Current Reporting Date or More Recent Date] the number of outstanding shares of our Common Stock was:
500,197
As of March 31, 2022, [Prior Reporting Period End Date] the number of outstanding shares of our Common Stock was:
500,197
As of June 30, 2022, [Most Recent Completed Fiscal Year End Date] the number of outstanding shares of our Common Stock was:
500,197
Indicate by check mark whether the registrant is a shell company (as defined in Rule 405 of the Securities
Act of 1933 and Rule 12b-2 of the Exchange Act): | Yes [X] No [ ] |
Indicate by check mark whether the Company's shell status has changed since the previous reporting period: Yes [ ] No [X]
Indicate by check mark whether a Change in Control of the Company has occurred over this reporting period:
Yes [ ] No [X]
1 ―Change in Control‖ shall mean any events resulting in:
- Any ―person‖ (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the ―beneficial owner‖ (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
- The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
- A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
1
ITEM 1 | NAME OF ISSUER AND ITS PREDECESSORS (if any): |
In answering this item, please also provide any names used by predecessor entities and the dates of the name changes.
The Company was originally incorporated in the State of Nevada in September 14, 1999 as Camden Mines, Limited. In October 12, 2004, the Company changed its name to Xinhua China Limited. On August 27, 2020, the Company changed its name to GIB Capital Group, Inc. its current name.
Date and state (or jurisdiction) of incorporation (also describe any changes to incorporation since inception, if applicable) September 14, 1999 - Nevada
Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
Active
Has the issuer or any of its predecessors ever been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: ☐ | No: ☒ |
ITEM2SECURITY INFORMATION:
Trading symbol: GIBX
Exact title and class of securities outstanding: Common Stock
CUSIP: 98416Y107
Par or Stated Value: $0.00001
Total shares authorized: 500,000,000 as of June 30, 2022
Total shares outstanding: 500,197 as of June 30, 2022
Number of shares in the Public Float: 467,821as of June 30, 2022
Total number of shareholders of record: 36 as of June 30, 2022
Additional Classes:
Trading symbol: None
Exact title and class of securities outstanding: Preferred Stock
CUSIP: None
Par or Stated Value: $0.00001
Total shares authorized: None authorized as of June 30, 2022
Total shares outstanding: None as of June 30, 2022
Transfer Agent
Pacific Stock Transfer Company Inc.
2
6725 Via Austi Parkway, Suite 300 Las Vegas, NV 89119
(702) 361-3033
Is the Transfer Agent registered under the Exchange Act? ☒Yes No
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors: None.
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months: None.
ITEM 3 | ISSUANCE HISTORY |
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods:☒
Number of | Opening Balance: | ||||||||
Shares | |||||||||
Common: 499,911,400 | |||||||||
outstanding | |||||||||
as of | |||||||||
June 30, | Series A Preferred: | ||||||||
1,000,000 | |||||||||
2020 | |||||||||
Date of | Transactio | Numbe | Class of | Value | Were | Individual/ | Reason for | Rest | Exemption |
Transactio | n type (e.g. | r of | Securities | of | the | Entity | share | rict | or |
n | new | Shares | shares | share | Shares | issuance | ed | Registratio | |
issuance, | Issued | issued | s | were issued | (e.g. for | or | n Type? | ||
cancellation | (or | ($/per | issued | to (entities | cash or | Unr | |||
, shares | cancelle | share) | at a | must have | debt | estri | |||
returned to | d) | at | disco | individual | conversion | cted | |||
treasury) | Issuan | unt to | with voting | ) OR | as | ||||
ce | mark | / | Nature of | of | |||||
et | investment | Services | this | ||||||
price | control | Provided | filin | ||||||
at the | disclosed). | (if | g? | ||||||
time | applicable) | ||||||||
of | |||||||||
issuan |
3
ce?
(Yes/
No)
Shares | Ending Balance: |
Outstanding | |
Common: 500,197 | |
on June 30, | |
2022: | Series A Preferred: |
1,000,000 |
On August 4, 2020, the Board of Directors authorized a one for one thousand (1:1,000) reverse stock split which became effective on August 27, 2020. All common stock share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the reverse stock split.
-
Debt Securities, Including Promissory and Convertible Notes
Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements:
ITEM 4 FINANCIAL STATEMENTS
-
The following financial statements were prepared in accordance with:
U.S. GAAP
IFRS - The financial statements for this reporting period were prepared by (name of individual):
Name: | Marcos Chow Lam |
Title: | Chief Executive Officer |
Relationship to Issuer: | Chief Executive Officer |
4
GIB CAPITAL GROUP, INC.
BALANCE SHEETS
June 30, | June 30, | ||||||||
2022 | 2021 | ||||||||
ASSETS | |||||||||
Current Assets | |||||||||
Cash | $ | 2,063 | $ | 2,063 | |||||
Total Current Assets | 2,063 | 2,063 | |||||||
TOTAL ASSETS | $ | 2,063 | $ | 2,063 | |||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||
LIABILITIES | |||||||||
Current Liabilities | |||||||||
Accounts payable | $ | 2,774 | $ | 1,146 | |||||
Due to related party | 11,249 | 78,269 | |||||||
Total Current Liabilities | 14,023 | 79,415 | |||||||
STOCKHOLDERS' DEFICIT | |||||||||
Series A Preferred stock, $0.00001 par value; 1,000,000 shares | |||||||||
authorized and 1,000,000 shares issued and outstanding as of | |||||||||
June 30, 2022 and June 30, 2021, respectively | 10 | 10 | |||||||
Common stock, $0.00001 par value; 500,000,000 shares | |||||||||
authorized, 500,197 shares issued and outstanding as of June | |||||||||
30, 2022 and June 30, 2021, respectively | 5 | 5 | |||||||
Additional paid-in capital | 13,243,690 | 13,087,671 | |||||||
Accumulated deficit | (13,255,665) | (13,165,038) | |||||||
Total Stockholders' Deficit | (11,960) | (77,352) | |||||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | 2,063 | $ | 2,063 | |||||
The accompanying notes are an integral part of these unaudited financial statements.
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
GIB Capital Group Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 16:34:10 UTC.