Current Report Filing (8-k)
February 01 2022 - 09:14AM
Edgar (US Regulatory)
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): January 31,
2022
The
Mineral Company Ltd. (f/k/a INDO Global Exchange(s) Ltd.
(Exact
name of registrant as specified in its charter)
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Colorado |
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000-53438 |
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48-1308991 |
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(State
or Other Jurisdiction |
|
(Commission |
|
(I.R.S.
Employer |
|
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
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6400
S. Fiddlers Green #250 #1012 - Greenwood Village,
CO |
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80111 |
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(Address
of principal executive offices) |
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(Zip
Code) |
|
(Registrant’s
telephone number, including area code) |
+34
688 971 444 |
INDO
Global Exchange(s) Ltd.
(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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☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
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☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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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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☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
Section
2 - Financial Information
Item
2.01 Completion of Acquisition or Disposition of Assets
(a) the date of completion of the transaction: January 27,
2022.
(b) a brief description of the assets involved:
The Mineral Company Ltd. (f/k/a INDO Global Exchange(s) Ltd.) has
acquired a 50,000 SQM (or 538,196 sq. ft.), located in Jumilla,
Spain for a total of EUR300,000.00 plus approximately an 11% tax
assessment. Remarkably, the property is worth UR980M as shown by
the independent appraisal performed by “Arquitasa” (Sociedad de
Tasación), which has been homologated by “Banco de España.” (See
exhibits). The transaction was financed by the Seller, in a 7-year
term loan at 2% per annum, guaranteed by one of Igex Preferred
Shareholder. The Source of repayment will from revenues
generated.
The
lot is set to become the premier and biggest center in Southern
Europe for storage, shipping, and development of minerals;
particularly focusing on lithium and graphene, its applications and
derivatives. Engineers and architects are already retained to work
on all necessary plans and permits with the goal to break ground in
less than 6 months aiming at having the first phase of the project
completed and operational by year-end 2022. The lot(s) are located
in an approved "urban" zone, thus not requiring rezoning
applications. The construction of the center is permitted under the
current zoning as shown in the attached exhibits. A new 8-K form
will be filed and released soon in relation to a new acquisition
and subsequent merger.
(c) The Seller was: Frymoo Gestion S.L. and Buyer: The Mineral
Company Ltd. No relationship between the parties other than the
sale transaction.
(e) N/A.
(f) N/A.
Section 9 - Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
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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The
Mineral Company Ltd. (f/k/a INDO Global Exchange(s)
Ltd. |
| |
|
|
(Registrant) |
|
|
|
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Date |
January 31, 2022. |
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/s/
Sergio Bellosta Suárez |
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(Signature)* |
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By: |
Sergio
Bellosta Suárez - CEO |
*Print
name and title of the signing officer under his
signature.
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