Report of Foreign Issuer (6-k)
11 Oktober 2018 - 12:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of
October
2018
Commission
File Number:
000-52145
DIGATRADE FINANCIAL CORP
(Translation
of registrant's name into English)
1500 West Georgia Street, Suite 1300
Vancouver, BC V6G-2Z6
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[
X
] Form
20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): [
]
Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
[
]
No [ x ]
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
000-52145
SUBMITTED HEREWITH
DIGATRADE PROVIDES SHAREHOLDER UPDATE
“UPDATE RE:
CONVERTIBLE PROMISSORY NOTES”
Vancouver, British Columbia
(FSCwire)
-
DIGATRADE
FINANCIAL CORP.
(OTCQB: DIGAF) an
online digital asset exchange platform and blockchain development
services company today provides to shareholders an update that the
Company will no longer be providing online retail trading or
liquidity services through its shared liquidity order-book with ANX
Technologies based in Hong Kong.
As previously posted and currently on the Company website dated
October 1, 2018, “
Effective October 17, 2018 Digatrade
will no longer be providing retail exchange trading services,
retail customer fiat deposits or withdraws or any further retail
live order-book trading or functionality. All Digatrade
customers are required to withdraw their crypto-assets by the
October 17, 2018 cut-off date. After October 17, 2018 the
order-book will be disabled until further notice. In addition, no
fiat withdraws are available effective immediately, please convert
to crypto and withdraw before Oct 17, 2018.
The
Company CEO, Brad Moynes stated: “The Digatrade OTC Trade
Desk will remain active for its institutional customers and
accredited traders with a new minimum trade value of
US$25,000”. “The Company’s shift away from the
high administrative and compliance costs associated with operating
a centralized coin exchange along with the low transaction volume
has resulted in the decision”.
The
Company is currently evaluating and conducting due diligence on
several acquisition targets within the Financial Technology
“Fintech” sector and is hopeful that an event will
materialize in the near future.
In
addition, the Company reports that during fiscal 2017 and up to the
Q3 reporting period ended September 30, 2018 funds raised via
Convertible Promissory Notes “CPN” totalled
approximately US$1.2m. All notes have a fixed interest rate ranging
between 8%-12%, mature between 6-12 months and obtain discount to
market conversion terms and provisions agreed to by the parties. In
total, thirteen Notes were transacted amongst five third party
lenders who participated in funding the Company. Of the thirteen
Notes issued ten have been fully repaid and have a zero balance.
The remaining 3 Notes that have achieved maturity, have a combined
balance owing of approximately less than US$100,000. It is
anticipated that the remaining combined balance will be cleared
from the Company balance sheet during Q4 or sooner.
Additional
information will be provided as it materializes.
CORPORATE CONTACT INFORMATION:
Digatrade
Financial Corp
1500
West Georgia Street, Suite 1300
Vancouver,
BC V6G-2Z6
Canada
Tel:
+1(604) 200-0071
Fax:
+1(604) 200-0071
info@digatrade.com
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, thereunto duly authorized.
|
|
Digatrade Financial Corp
|
|
|
(Registrant)
|
|
|
|
|
|
Date:
October 11, 2018
|
By:
|
/s/
Brad J. Moynes
|
|
|
|
Brad J.
Moynes
|
|
|
|
|
|
|
Title:
|
CEO
|
Digatrade Financial (CE) (USOTC:DIGAF)
Historical Stock Chart
Von Jan 2025 bis Feb 2025
Digatrade Financial (CE) (USOTC:DIGAF)
Historical Stock Chart
Von Feb 2024 bis Feb 2025
