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MMEX RESOURCES CORPORATION (OTCMKTS:MMEX) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities

On February 21, 2018, we closed a financing with Power Up Lending Group Ltd. for a 8% convertible note in the principal amount of $83,000. After deducting $3,000 of lender expenses, the financing provided $80,000 of net proceeds to us. The holder of the note, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 39% discount from the average of the two lowest trading price during the 20 days prior to conversion. The Company may prepay the note at a 20% redemption premium during the first 30 days after issuance, increasing in 5% increments each 30 day period thereafter until 180 days from issuance, after which the note may not be prepaid. The note also contains penalty provisions in the event of our default in repayment of the note (if not converted by the holder into shares of common stock) on the maturity date of November 30, 2018.

Any issuance of the shares upon conversion of the note will be exempt from registration to the exemption provided by Section 4(2) of the Securities Act of 1933.

Item 7.01 Regulation FD Disclosure

On February 21, 2018, we issued a press release regarding two developments regarding our planned refinery project: the commencement of road construction to the project and the entering of a transportation agreement with Penta Petro. A copy of the press release is filed as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


Press Release dated February 21, 2018

MMEX Resources Corp Exhibit
EX-99.1 2 mmex_ex991.htm PRESS RELEASE mmex_ex991.htmEXHIBIT 99.1   FORT STOCKTON,…
To view the full exhibit click here


MMEX Resources Corporation, formerly MMEX Mining Corporation, is an oil and gas company. The Company is involved in the evaluation, acquisition and development of oil and gas, refining, power generation, natural gas transmission and processing energy projects in the western United States and Latin America. The Company is involved in the natural resource project development and project financing in North and South America, and the United Kingdom. The Company was engaged in the exploration, extraction and distribution of coal.

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