- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2010-04-28 13:00:00
- Reporting Period:
- Filing Date:
- Accepted Time:
- 2010-04-28 17:34:55
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1464766||Loto Inc.||NONE||Services-Prepackaged Software (7372)||000000000|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1470788||Ltd. Investments Capital Mhalka||C/o Loto Inc. |
20 Toronto Street, Suite 460
Toronto A6 M5C 2B8
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
- On April 19, 2010, Mhalka Capital Investments Ltd. sold 19,300,000 shares of the Company's common stock to 2238646 Ontario Inc. pursuant to a Stock Purchase Agreement in which 2238646 Ontario Inc. agreed to pay the purchase price in the form of a note in the amount of $28,950,000, which shall accrue interest at the rate of prime rate plus 1.5%, and shall be due in three years.
- On April 19, 2010, Mhalka Capital Investments Ltd. entered into a into a Share Tender and Cancellation Agreement, pursuant to which Mhalka Capital Investments Ltd. agreed to the cancellation of 500,000 shares of the Company's common stock.
- On April 19, 2010, Mhalka Capital Investments Ltd. transferred 200,000 shares of its common stock in a transaction for no cash consideration.