Loading...
OTC Markets
Totals
Securities
11,064
Dollar Vol
$2.3B
Share Vol
3.7B
Trades
396,945

OTC Markets Group uses cookies and similar technologies to help us understand how you use our websites, as further disclosed in our Privacy Policy. Our Terms of Service contain important information including restrictions on your use of our websites. By clicking “Accept”, or by continuing to use our websites, you consent to the use of cookies and agree to the terms of the OTC Markets Group Privacy Policy and Terms of Service.

HLLK
Hallmark Venture Group, Inc.

Common Stock
OTC Disclosure & News Service
HALLMARK VENTURE GROUP, INC. ANNOUNCES CHANGE OF CONTROL AND OTHER MATERIAL AGREEMENTS


 HALLMARK VENTURE GROUP, INC. ANNOUNCES CHANGE OF CONTROL AND OTHER MATERIAL AGREEMENTS



Los Angeles, CA  (January 18, 2024): Hallmark Venture Group, Inc. (OTC: “HLLK”) announces today that the Company has completed a Change in Control transaction and entered into other material agreements.


On January 11, 2024, Hallmark Venture Group, Inc. (referred to herein as the “Company,” “we,” “us,” and “our”) has entered into a Change of Control Agreement (the “CoC Agreement”) by and between John D. Murphy, Jr., the Company’s Director and CEO and JMJ Associates, LLC, an entity controlled by John D. Murphy, Jr. (“Murphy”), and Paul Strickland, the Company’s Director and Secretary, and Selkirk Global Holdings, LLC, and Beartooth Asset Holdings, LLC, both entities controlled by Paul Stirckland (“Strickland”), and Steven Arenal and Aurum International Ltd., an entity controlled by Steven Arenal (“Aurum”) and, pursuant to which Murphy, Strickland, and their respective control entities will assign the Series A preferred shares controlled by each to Aurum. Strickland will transfer 98,259,679 in restricted common shares to Aurum. In exchange, Murphy and Strickland will each retain 5% equity in the Company, post-restructuring, and those shares will have an 18 month anti dilution provision as described in the Anti Dilution Agreement executed between the Parties. Murphy and Strickland will also cancel debts owed to each by the Company. Strickland will cancel $83,342.25 in debts. Murphy will cancel $74,501.00 in debts. Murphy will receive $70,000 from Aurum in exchange for partial debt cancellation. Aurum will receive a $77,000 10% convertible promissory note in exchange for partially paying the Company’s debt owed to Murphy. The Consideration outlined herein is subject to the provisions of the Escrow Agreement between the Parties. The Company has officially moved its place of business to 626 Wilshire Blvd., Suite 410, Los Angeles, California 90017.


The Company has also filed Form 8-K with the Securities and Exchange Commission pursuant to requisite disclosure guidelines. 


The Company looks forward to keeping shareholders informed of its progress and intends to provide more frequent updates. 


About the Company


Hallmark Venture Group, Inc. (OTC: HLLK) is a holding company.


About Steven Arenal


After starting his career in commercial finance with Fuji Bank, Steve worked at Mellon Financial, and Lockheed Martin.  Steve has initiated strategic acquisitions for European, Japanese and American companies as they expanded into new markets. Since 2006, Steve has served as President of Hutton Private Capital Limited where he brings nearly 22 years of International finance expertise to the company. Specializing in corporate brokering, corporate finance, and M&A, Steve has worked with and represented mostly middle market companies, and has been involved in deals with the largest private equity funds. Steve played a role in starting an industrial bank, and has spent 15 years placing equity into deals from a family office, making him well qualified to find an acquisition candidate as the sole member of the Board of Directors. Steve holds a Masters of Business Administration along with other graduate certificates in business and economics.



Safe Harbor


This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets.


Contact Details:

For additional information 

http://hllkinc.com

877-646-4833

info@hllkinc.com

Twitter: https://twitter.com/HLLKir


Page 1 of
Loading PDF...
Expert Market Icon
This market serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing.
Expert Market
Company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
Daily Advancers
Subscribe to Our Newsletter
Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community.