Current Report Filing (8-k)
27 Juin 2018 - 5:38PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
June 27
, 2018
ARGENTUM
47, INC.
(Exact
name of registrant as specified in its charter)
GLOBAL
EQUITY INTERNATIONAL, INC.
(Former
name of registrant until March 29, 2018)
Nevada
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000-54557
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27-3986073
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
Number)
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X3
Jumeirah Bay, Office 3305,
Jumeirah
Lake Towers
Dubai,
UAE
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code:
+ (971) 42767576 / + (1) 321 200 0142
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2., below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule
12b-2 of the Securities Exchange Act of 1934.
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. [ ]
Item
8.01 OTHER EVENTS
Shareholders
Update
On
December 4, 2017, the Company executed an agreement with Mammoth Corporation in which it was
agreed
to that Mammoth would suspend further conversion of debt into equity and receive the remaining debt in six equal and manageable
payments.
Today,
June 27, 2018, the Company would like to inform its shareholders that the outstanding debt with Mammoth Corporation has now been
paid in full hence no further monies are owed or outstanding.
Also,
the Company´s remaining convertible debt with Xantis Private Equity Fund, William Marshal Plc. and also Xantis Aion Securitization
Fund will become convertible 366 days after each tranche of funding was received, to date, January 13, 2019, January 24, 2019
and June 9, 2019 respectively. The agreed conversion terms of these financing agreements, as per the Forms 8-k filed with the
SEC, were the following:
“On each Maturity Date, the outstanding
Convertible Notes shall be automatically converted into shares of Borrower’s common stock at a conversion price equal to
the greater of US$0.02 or the average closing price of Borrower’s common stock on the Over-the-Counter Bulletin Board for
the prior 60 trading days.
”
Finally,
the Company would like to confirm that there is no default clause contemplated in any of the three funding agreements whereby
either William Marshall Plc, Xantis Private Equity Fund and Xantis Aion Securitization Fund could convert their investment into
equity at a price lower than $0.02.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Dated:
June 27, 2018
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ARGENTUM
47, INC.
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By:
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/s/
Enzo Taddei
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Enzo
Taddei
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Chief
Financial Officer
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