Brownie’s Marine issues 42,000,000 unregistered shares at $0.0044 each for Sunrise Paddleboards assets

BROWNIES MARINE GROUP INC

BROWNIES MARINE GROUP INC

BWMG

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  • Brownie's Marine Group issued 42,000,000 unregistered common shares in an asset deal for Sunrise Paddleboards’ business assets.
  • Shares were priced at $0.00 each, based on the June 30 OTC Markets close, valuing the equity consideration at about $184,800.
  • Issuance relied on the Securities Act Section 4(a)(2) exemption for transactions not involving a public offering.


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