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Microcap & Penny Stocks
FEE.V - Free Energy International(Recent Tech Takeover)
An SI Board Since April 2015
Posts SubjectMarks Bans Symbol
0 0 0 FEE.V
Emcee:  JRod77 Type:  Moderated
This stock started trading in February 2015 after being halted for almost two years. A long awaited takeover was finally approved. Current price is at the company's all time low.

FEE.V - $0.04
Common Shares - 51,519,990
Insider Holdings: 18,868,001(36.6%) As per www.sedi.ca
- Recent buying done the first couple days of April 2015

About FEE:

On Aug. 6, 2013, the company issued a news release that it had signed a letter of intent to acquire all of the outstanding common shares of Darelle Media. Under the terms of the proposed acquisition, the company would acquire 100 per cent of the issued and outstanding common shares of Darelle Media. On Sept. 30, 2014, the company issued a subsequent release announcing that the terms of the proposed acquisition had been changed. On Sept. 30, 2014, the company also announced its intention to complete a share-for-debt agreement to settle outstanding indebtedness of up to $576,762 by the issuance of 11,484,841 common shares of the company at a deemed price of five cents per common share. The proposed share-for-debt settlement was subject to a number of conditions and to be completed in conjunction with the proposed transaction.

About Darelle Media
Darelle Media is a British Columbia corporation with its head office in Vancouver, B.C. The company has 10,340,001 common shares issued and outstanding, of which five million are subject to escrow arrangement.
The primary business of the company is a social e-commerce platform for small-to-medium-sized businesses to reach new customers efficiently and cost-effectively. Shoppers are further able to come together and leverage the power of the community of sharing and sending buy requests directly to the inbox of matching businesses. Darelle Media also supports local communities by donating a percentage of every transaction to a charity or not-for-profit organization that the user recommends.

Website: darelle.com

Last Quarter Financials Ending November 30th 2014:

*NOTE* This does not include the recent shares for debt reduction, property, equipment, cash and sales added from Darrelle. This will show in the next quarterly which is end of April.

Assets
Cash: $405,347
GST Receivable: $2,671
Prepaid Expenses: $47,330
Total Assets:$455,348

Liabilities
Accounts Payable: $511,288
Notes Payable: $185,090
Total Liabilities:$696,378 (This will be half the amount due to shares for debt issued)

3 Month Cash Burn: $7,581.00 all G&A cost

MD&A Events:

Prior to this takeover, FEE only had 16 million common shares. The rest was recently brought about through the follow;

- FEE.V Raised $500,000 at a price of 10 cents in October 2014

2014-10-27 16:49 MT - News Release
Mr. Dean Bethune reports
FREE ENERGY INTERNATIONAL INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Free Energy International Inc. has completed a non-brokered private placement which was announced on Sept. 30, 2014. The company realized proceeds of $500,000 on completion of the placement which included the issuance of 10 million common shares of the company at a price of five cents. There were 16 placees which included one insider (Dean Bethune 1.9 million common shares) and aggregate pro group involvement (one placee) of 400,000 common shares. There was no finder's fee paid on the placement.

- FEE.V issued 7.3 million shares for debt at 5c

Free Energy International 7,277,500 shares for debt
2015-02-06 15:06 MT - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposal to issue 7,277,500 to settle outstanding debt for $363,875.
Number of creditors: 11 creditors
Insiders: Wescap Capital Inc. (Dean Bethune), 973,700; Wescap Business Brokerage Inc. (Dean Bethune), 3,323,600
© 2015 Canjex Publishing Ltd. All rights reserved.

- FEE.V Acquired Darrelle for shares

Free Energy International acquisition of Darelle Media
2015-02-06 15:06 MT - Acquisition
The TSX Venture Exchange has accepted for filing documentation with respect to the acquisition of Darelle Media Inc. in consideration of the issuance of 14.5 million shares and the assumption of debt in the amount of $165,625.
The $165,625 of assumed debt of Darelle has been settled by the issuance of 3,312,500 shares at five cents per share to nine creditors.
Ther are 9,956,480 consideration shares subject to escrow.
Total pro group involvement: 560,928 (four parties)

Most recent news:

Free Energy closes Darelle buy, to issue debt shares
2015-02-09 07:48 MT - News Release
Mr. Dean Bethune reports
FREE ENERGY INTERNATIONAL INC. ANNOUNCES CLOSING OF ACQUISITION OF DARELLE MEDIA AND COMPLETION OF SHARE FOR DEBT SETTLEMENT
Free Energy International Inc. has completed the acquisition of Darelle Media Inc.
The acquisition was completed through the purchase by the company of all of the issued and outstanding shares of Darelle for the purchase price of $725,000, which was paid through the issuance of 14.5 million common shares of the company at a deemed price of five cents per share. The company also agreed to assume outstanding debt of Darelle in the amount of $165,625, which was settled at closing by the issuance of 3,312,500 common shares at five cents per share to nine creditors. Of the consideration shares, 9,956,480 are subject to escrow. There was aggregate pro group participation of four parties receiving 560,928 consideration shares.
Darelle is a cause-driven on-line marketplace designed to bring consumers, businesses and charities together to provide opportunities to buy and sell, while benefiting the community with each transaction. Darelle believes it is possible to do good business and good things, and backs up that philosophy by donating a percentage of its revenue from every transaction to eligible organizations.
"We are excited to complete the acquisition and believe that the platform developed by Darelle will receive strong acceptance from the marketplace," says Dean Bethune, president and chief executive officer of the company.
Darelle was founded by Kyle Kotapski, who will remain president of Darelle and has agreed to join the board of directors of the company.
"The evolution and refinement of the platform has taken a few years," says Mr. Kotapski, president of Darelle. "We are excited about the Vancouver launch, and the chance to demonstrate the opportunities the Darelle marketplace provides consumers, local businesses and worthwhile causes."
The company also announced that it has entered into settlement agreements with 11 creditors to settle outstanding debt of $363,875. The company debt has been settled by the issuance of 7,277,500 common shares at five cents per share. There was aggregate insider participation of one party (Mr. Bethune) receiving 4,297,300 settlement shares.
The company also announced its intention to complete a private placement of up to two million common shares at five cents per share. Proceeds of the placement will be used to supplement working capital for the company. Finder's fees may be paid in connection with the placement in accordance with the policies of the TSX Venture Exchange. The placement is subject to approval by the exchange.
The company anticipates that the common shares of the company will resume trading at the opening of trading on Monday, Feb. 9, 2015.
© 2015 Canjex Publishing Ltd. All rights reserved.
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