Filing Details

Accession Number:
0001493152-22-002670
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-01-31 09:00:43
Reporting Period:
2022-01-28
Accepted Time:
2022-01-31 09:00:43
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1515139 Currencyworks Inc. CWRK Services-Business Services, Nec (7389) 273098487
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1760785 Swapan Kakumanu 193 Simcoe Circle Sw
Calgary A0 T3H 4S3
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-01-28 80,566 $0.20 137,857 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 50,000 Indirect Red to Black Inc.
Common Stock 57,291 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options $0.60 2018-06-08 2028-06-08 75,000 75,000 Indirect
Common Stock Stock Options $0.10 2018-10-15 2027-10-15 100,000 175,000 Indirect
Common Stock Stock Options $1.17 2021-02-10 2031-02-10 400,000 400,000 Direct
Common Stock Stock Options $1.16 2021-06-15 2031-06-15 750,000 1,150,000 Direct
Common Stock Warrants $0.55 2026-09-09 250,000 250,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-06-08 75,000 75,000 Indirect
2027-10-15 100,000 175,000 Indirect
2031-02-10 400,000 400,000 Direct
2031-06-15 750,000 1,150,000 Direct
2026-09-09 250,000 250,000 Indirect
Footnotes
  1. Swapan Kakumanu has the sole power to vote or direct the vote, and to dispose or direct the disposition, of the shares held by Red to Black Inc.
  2. The stock options vest as to 1/3 on June 8, 2018, 1/3 on June 8, 2019 and 1/3 on June 8, 2020.
  3. The stock options vest as to 1/3 on October 15, 2018, 1/3 on October 15, 2019 and 1/3 on October 15, 2020.
  4. The options vest as follows: (i) 1/3 on date of grant, (ii) 1/3 on the first anniversary of date of grant and (iii) 1/3 on the second anniversary of date of grant.
  5. The options vest to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
  6. The warrants were issued to Fogdog Energy Solutions Inc. ("Fogdog") pursuant to a services agreement dated August 20, 2021 (the "Agreement") with Fogdog, whereby Fogdog will provide CurrencyWorks Inc. (the "Issuer") with free of charge access to the electricity power generated from any clean electricity power generation thermal units built and operated by Fogdog in Canada or the United States of America for a period of five (5) years from the date that the Issuer provides an advance of $850,000 to Fogdog (the "Loan") pursuant to a loan agreement with Fogdog dated August 20, 2021, provided that the Issuer is using such power to develop and operate cryptocurrency mining operations.
  7. The Warrants will vest and become exercisable only upon repayment in full of the Loan.
  8. Swapan Kakumanu is the chief financial officer and director of Fogdog and also owns 50% of the shares of Fogdog.