SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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SECTION 2 - FINANCIAL INFORMATION
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On February 22, 2022, KeyStar Corp., a Nevada corporation (the “Company”), entered into a Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“Excel”) in the principal amount of not more than Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the “Note”). Excel is controlled by Mr. Bruce Cassidy, our Chief Executive Officer.
The Company filed a Current Report on Form 8-K on March 22, 2022 (the “Prior Report”) wherein it disclosed entering into the Note and that as of the filing date of the Prior Report the aggregate outstanding principal balance of all loans under the Note was $36,837.50. An additional loan in the principal amount of $125,356.29 was made under the Note to the Company on April 20, 2022 in connection with the payment of outstanding legal fees. As of the date of this Current Report on Form 8-K, the aggregate outstanding principal balance of all loans under the Note is $162,193.79.
A copy of the Note was filed with the Prior Report as Exhibit 10.1, and is incorporated herein by reference.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01Financial Statements and Exhibits
Exhibit No. | Description |
Discretionary Non-Revolving Line Of Credit Demand Note dated February 22, 2022 made by KeyStar Corp. (Previously filed as Exhibit 10.1 to Current Report on Form 8-K filed with SEC on March 22, 2022) | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
Date: April 26, 2022 | KEYSTAR CORP. |
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| By: /s/ Bruce Cassidy |
| Bruce Cassidy, CEO |
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