Current Report Filing (8-k)
July 23 2020 - 12:14PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): July 17, 2020
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Blue
Water Global Group, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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333-174557
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45-0611648
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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 No.)
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500 S Australian
Ave, West Palm Beach FL 33401
(Address of Principal
Executive Offices) (Zip Code)
(954)
837-6833
(Registrant’s
telephone number, including area code)
N/A
(Former name or former address,
if changed since last report)
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:
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☐
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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
communications 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
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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Securities registered
pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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 Section 13(a) of the Exchange Act. ☐
Item 5.01 Changes in Control of Registrant.
On July 17, 2020, Miro Zecevic an individual
and principal shareholder of Mina Mar Corporation, a Florida company, (the “Purchaser”) personally acquired 100% of
the issued and outstanding shares of preferred stock (the “Preferred Stock”) of the issuer (the “Company”
or the “Registrant”) from Scott Sitra corporation (the “Seller”). (The “Purchase”) The
consideration for the purchase was provided to the Purchaser from the individual’s private funds.
As a result of the Purchase, the Purchaser owns approximately
100% of the fully diluted outstanding equity securities of the Company and approximately 100% of the voting rights for the outstanding
equity securities.
The purchase price for the Preferred Stock
was paid in cash. The consideration for the purchase was provided to the Purchaser from the individual's private funds. The Purchase
of the Preferred Stock was the result of a privately negotiated transaction which consummation resulted in a change of control
of the Registrant.
No common shares were issued in the transaction.
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers.
As a result of the Purchase and change
of control of the Registrant, the existing officer, and director of the Company, Scott Sitra, President Secretary, and Treasurer
have resigned.
Under the terms of the stock purchase agreement,
the new controlling shareholder was permitted to elect representatives to serve on the Board of Directors to fill the seat(s) vacated
by prior directors. Mr. Miro Zecevic became the sole Director and Chairman of the Board of the Registrant, and the acting sole
officer of the Company.
The Company will use the Preferred
shareholder's Twitter and social media account to dissimilate any future corporate actions (@MinaMarGroup)
| Twitter and via the Preferred shareholder email corporate@minamargroup.com for non-public
dissimilation
Mr.
Miro Zecevic – Interim Turn Around Management
Mr.
Zecevic is 57 years old and makes his home in West Palm Beach Florida. Miro is an experienced financial executive with more than
30 years of finance experience and 17 years with publicly traded companies. He has an extensive background in capital formation
mergers and acquisitions (M&A). He is currently an independent consultant with a number of other issuers focused on M&A,
capital raises, and optimization.
Additional Information
As of the date of this filing, the Company
has not entered into any material plans, contracts, or other arrangements (whether or not written) with its new officers and directors.
There are no arrangements or understandings
among members of both the former and new control person and their associates with respect to the election of directors of the Company
or other matters.
Item
8.01 Other Events
The issuer changed control
in a civil and amicable fashion. The issuer carries approximately $1,8 million dollars in debt with no foreseeable ability
to satisfy any portion of the obligations. The turn around management intends to compile all proof of debt and formally file a
Federal reorganizational plan or Chapter 11 under the Federal bankruptcy reorganizational plan. The interim management intends
to restore the company back to fully operational status without seeing its shareholder base and eroding the shareholder equity
to a nominal or minimal level.
Under the terms of
the agreement (control block), the interim management will resign and introduce new management and a new operating entity will
be operating within the auspices and direction of the issuer and the new long term management.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly
authorized.
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Blue Water Global Group, Inc.
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By
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/s/ Miro Zecevic
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Name: Miro Zecevic
Title: Director and Chairman of the Board
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Date: July 23, 2020
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