Current Report Filing (8-k)
July 19 2022 - 8:44AM
Edgar (US Regulatory)
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2022-07-19
2022-07-19
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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 19, 2022 (July 19, 2022)
BONANZA
GOLDFIELDS CORP.
(Exact name of registrant as specified in its charter)
Nevada |
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000-53612 |
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26-2723015 |
(State or other jurisdiction
of Incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
37th
Floor, Singapore Land Tower
50 Raffles Place
Singapore 048623
(Address of principal executive offices)
+65 682997017
(Registrant’s
telephone number, including area code)
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 (see General Instruction A.2 below):
o |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a - 12) |
o |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each Class |
Trading Symbol |
Name of each exchange on which registered |
Common |
BONZ |
N/A |
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 o
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. o
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July 19, 2022, Chan
Man Chung resigned from his position as the Chief Executive Officer of Bonanza Goldfields Corp. (the “Company”). Concurrently
therewith, Tan Tee Soo, our director, was appointed to serve as the new Chief Executive Officer of the Company. Chan Man Chung continues
to serve as our Chief Financial Officer, Secretary and Director. The departure of Chan Man Chung from his position as Chief Executive
Officer was for personal reasons and not due to any disagreement with the Company on any matter related to the Company’s operations,
policies or practices.
Mr. Tan Tee Soo and the
Company are parties to a Director Agreement dated August 26, 2021, pursuant to which the Company agreed to pay annual amount of USD 120,000
as consideration serving as a director of the Issuer for the year ended December 31, 2021, which amount is payable in shares of common
stock at a per share price equal to the 30-day average closing share price of the Company prior to the issuance date. The foregoing description
of the Director Agreement with Tan Tee Soo is not complete and is qualified in its entirety by reference to the complete text of the Director
Agreement, which is incorporated herein by reference and attached hereto as Exhibit 10.1.
Mr. Tan Tee Soo,
age 56, was appointed to serve as our Director on August 26, 2021 and our Chief Executive Officer will be effective on July 20, 2022.
Mr. Tan has also served as a director on the Board of Directors of Cosmos Group Holdings, Inc. since June 28, 2021 (COSG: OTC PK). Since
April 2017, Mr. Tan served as the Senior Vice President of Brighton International Holding Limited, a boutique investment house and financial
structuring company, and has served as the managing director since June 2019. Prior to this time, Mr. Tan served in the Western Australian
Police Force in Perth, Western Australia from June 2000 to April 2017. Mr. Tan received his Bachelor of Commerce from Murdoch University
in Western Australia in 1993. Mr. Tan brings to our Board his investment and financial experience in the industry.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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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Bonanza Goldfields Corp. |
Dated: July 19, 2022 |
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By: |
/s/ Man Chung Chan |
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Man Chung Chan |
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Chief Executive Officer |