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Murdo Acquisitions Corp

  • $5,000.00

    Funding Goal
  • $7,100.00

    Funds Raised
  • 64

    Days to go
  • Target Date

    Campaign End Method
Raised Percent :
142.00%
Minimum amount is $100 Maximum amount is $1500
$
Vancouver, Canada

Jeff Leslie

3 Campaigns | 0 Loved campaigns

See full bio.

Offering Document

Item 1: RISKS OF INVESTING

No securities regulatory authority or regulator has assessed reviewed or approved the merits of these securities or reviewed this offering document. Any representation to the contrary is an offense. This is a risky investment.

Full legal name: MURDO ACQUISITIONS CORP.
Head office address: Suite 400-110 Cambie Street, Vancouver BC V6B 2M8
Telephone: 778-994-8050
Website URL: www.murdocorp.com
Fax: N/A

Company Contact Person

Full legal name: Tyler Powell
Position held with the issuer: Director
Business address: Suite 400-110 Cambie Street, Vancouver BC V6B 2M8
Business telephone:  778-994-8050 
Fax: N/A

Business e-mail: tyler@murdocorp.com
Business Overview

Issuer's Business

A more detailed description of the issuer's business is provided below.

The principal business of the Issuer will be the identification and evaluation of assets or businesses with a view to completing an acquisition.  The Issuer has not commenced commercial operations and has no assets other than a minimum amount of cash. Until completion of an acquisition, the Issuer will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing an acquisition.

A more detailed description of the Issuer’s business is provided below.

Management

Full legal name: Tyler Powell
Municipality of residence: B.C
Email address: tyler@murdocorp.com
Position at issuer: Control Person
Principal occupation for the last five years: Venture Capitalist 

Expertise, education, and experience that is relevant to the issuer's business:
Tyler started his career at Canaccord Capital before focusing on taking companies to market as an independent venture capitalist. With over 12 years’ of global experience in mergers and acquisitions, his expertise spans a broad range of sectors from cryptocurrencies to mining and resources to alternative energy.  Tyler is well versed in raising capital for both private and public companies including via Private Placements, IPOs, Registration Statements, and Debt Instruments. Currently, he advises growth stage companies, focusing particularly on advancing diversity and inclusion, where he has worked to develop a set of best practices for equality and openness, leading to greater staff retention, global expansion and increased market exposure.

Number and type of securities of the issuer owned: 1,500,000 Common Shares

Date securities were acquired and price paid for the securities: 12/12/2018 @ $0.025/share

Percentage of the issuer's securities held as of the date of this offering document: 100%

(a) has ever, pled guilty to or been found guilty of:

  • A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada: NO
  • A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction: NO
  • A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein: NO
  • An offence under the criminal legislation of any other foreign jurisdiction: NO

(b) is or has been the subject of an order (cease trade or otherwise), judgment, decree, sanction, or administrative penalty imposed by a government agency, administrative agency, self-regulatory organization, civil court, or administrative court of Canada or a foreign jurisdiction in the last ten years related to his or her involvement in any type of business, securities, insurance or banking activity: NO

(c) is or has been the subject of a bankruptcy or insolvency proceeding: NO

(d) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b) or (c) above: NO

Start-Up Crowdfunding Distribution

Name of the funding portal the issuer is using to conduct its start-up crowdfunding distribution: Synda Ventures Ltd

List the name of all the participating jurisdictions (Canadian province or territory) where the issuer intends to raise funds and make this offering document available: British-Columbia

The date before which the issuer must have raised the minimum offering amount for the closing of the distribution (no later than 90 days after the date this offering document is made available on the funding portal): 02/18/2019

The date(s) and description of any amendment(s) made to this offering document if any: N/A

Type Of Securities Being Issued

Type of securities being offered: Special Warrants

The eligible securities offered provide the following rights:

Voting rights: The Special Warrants do not carry the right to vote, however each share entitles the holder to notice of, and to attend and vote at, each meeting of shareholders.
Dividends or interests (describe any right to receive dividends or interest): Dividends will be paid on common shares from available net income if and when declared by the directors of the Issuer. 
Rights on dissolution: Dividends will be paid on common shares from available net income if and when declared by the directors of the Issuer.
Conversion rights (describe what each security is convertible into): The Special Warrants automatically convert into common shares of the Issuer on a one to one basis (i) upon a prospectus being filed that qualifies the special warrants or (ii) on that date that is 4 months from the closing date.
Other:

Summary of any other material restrictions or conditions that attach to the eligible securities being offered, such as tag-along, drag along or pre-emptive rights: N/A

Offering Details

 

Total Amount ($)

Total number of eligible securities issuable

Minimum offering amount

5,000

100,000

Maximum offering amount

250,000

5,000,000

Price per eligible security

0.05

 

Price per flow-through share

N/A

 

Minimum investment amount per purchaser: $100

Issuer's Business

Details about the issuer's industry and operations:

The Issuer’s long - term objective is to enter into an acquisition of merit.  In this regard, the main goals are:

To capitalize on the idea of our chosen business through the process of introducing the company to the capital markets. To select and introduce a top tier management team who deeply understands the fundamentals of the selected industry. To become a competitive company within our industry providing value and innovation towards optimal growth.

Legal structure of the issuer and the jurisdiction where the issuer is incorporated or organized:

The Issuer is a company incorporated pursuant to the Business Corporations Act of British Columbia.

Issuer's articles of incorporation, limited partnership agreement, shareholder agreement or similar documents are available to purchasers at:

The Issuer’s articles of incorporation can be viewed the head of the issuer.

Issuer's Operations

Has never conducted operations: x
Is in the development stage: 
Is currently conducting operations: 
Has shown profit in the last financial year: 
Financial statements available: 

Information for purchasers: If you receive financial statements from an issuer conducting a start-up crowdfunding distribution, you should know that those financial statements have not been provided to or reviewed by a securities regulatory authority or regulator. They are not part of this offering document. You should ask the issuer which accounting standards were used to prepare the financial statements and whether the financial statements have been audited. You should also consider seeking advice of an accountant or an independent financial adviser about the information in the financial statements.

Use of Funds

Information on all funds previously raised and how they were used by the issuer:

$7,125 was raised for general working capital and to strategically place the company in a position of strength for further growth.

Description of intended use of funds listed in order or priority

Total amount ($)

 

Assuming minimum offering amount

Assuming maximum offering amount

General Working Capital

$4750

$240,000

Portal Fees

$350

$10,000

Total:

$5,000

$250,000

Previous Start-Up Crowdfunding Distributions

$7,125 was raised in January of 2019 by the issuance of 142,500 Special Warrants  @ $0.05

The full legal name of the issuer that made the distribution: Murdo Acquisitions Corp
The name of the funding portal: Vested
The distribution closed successfully

Compensation Paid To Funding Portal

The commission, fee and any other amounts expected to be paid by the issuer to the funding portal for this start-up crowdfunding distribution:

  1. Compensation:

1.1  In consideration of the Services, Issuer agrees to pay to Synda Ventures Ltd the following fees:

(a) Portal Fee:  A fee (the “Portal Fee”) calculated as 7% of the aggregate amount of actual gross proceeds raised under the Offering (“Offering Proceeds”)

(b) Payment Processing Fees:  Fees (the “Processing Fees”) calculated as 00% of Offering Proceeds and further $0.00 per each Investor Subscription shall be charged by Synda Ventures Ltd and/or its third-party payment processor and be automatically deducted from the Offering Proceeds.  The Processing Fees are subject to change without notice.

(c) Warrants:  Issuer will issue to Synda Ventures Ltd, upon closing of the Offering, common share purchase warrants (“Warrants”) equal to 00% of the number of shares sold pursuant to the Offering; each Warrant exercisable at $0.00 per share

Risk Factors

Business Risk

The Issuer has only very recently started operations and has no history of successful investments.

Systemic Risk

The areas where the Issuer intends to focus its investments are developing at great speed and the technologies are new and changing, and competition is intense. It cannot be known which new companies will be successful and what future government regulations may be imposed or what effects they may have on the companies in which the Issuer invests.

Financing and Dilution Risks

The Issuer will need to raise additional funds to develop its business until the time that it realizes profits from its investments. There can be no assurance that the Issuer will be able to obtain adequate financing in the future to conduct its business, or that the terms of such financing will be favourable. It will likely sell additional shares to raise needed funds, which will result in the dilution of each shareholder’s equity interest in the Issuer.

Liquidity Risk

No market exists for securities of the Issuer; and there is no assurance that a trading market in the Issuer’s securities will be established and sustained.

Reporting Obligations

The Issuer will provide notice to each purchaser of each annual and special meeting of shareholders, together with Annual Reports of Operations.

Resale Restrictions

The securities you are purchasing are subject to a resale restriction. You may never be able to resell the securities.

Purchaser's Rights

If you purchase these securities, your rights may be limited and you will not have the same rights that are attached to a prospectus under applicable securities legislation. For information about your rights, you should consult a lawyer. You can cancel your agreement to purchase these securities. To do so, you must send a notice to the funding portal within 48 hours of your subscription. If there is an amendment to this offering document, you can cancel your agreement to purchase these securities by sending a notice to the funding portal within 48 hours of receiving notice of the amendment.

The offering of securities described in this offering document is made pursuant to a startup crowdfunding registration and prospectus exemptions order issued by the securities regulatory authority or regulator in each participating jurisdiction exempting the issuer from the prospectus requirement and the funding portal from the registration requirement.

 

Company Overview

The principal business of the Issuer will be the identification and evaluation of assets or businesses with a view to completing an acquisition. The Issuer has not commenced commercial operations and has no assets other than a minimum amount of cash. Until completion of an acquisition, the Issuer will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing an acquisition.

Murdo Team

Full legal name: Tyler Powell
Municipality of residence: B.C
Email address: tyler@murdocorp.com
Position at issuer: Control Person
Principal occupation for the last five years: Venture Capitalist

Expertise, education, and experience that is relevant to the issuer’s business:
Tyler started his career at Canaccord Capital before focusing on taking companies to market as an independent venture capitalist. With over 12 years’ of global experience in mergers and acquisitions, his expertise spans a broad range of sectors from cryptocurrencies to mining and resources to alternative energy.  Tyler is well versed in raising capital for both private and public companies including via Private Placements, IPOs, Registration Statements, and Debt Instruments. Currently, he advises growth stage companies, focusing particularly on advancing diversity and inclusion, where he has worked to develop a set of best practices for equality and openness, leading to greater staff retention, global expansion and increased market exposure.

Background

In the Press & Social Media

www.murdocorp.com
twitter @murdercorp
facebook: wwww.facebook.com/murdocorp/
www.murdocorp.com
twitter @murdercorp
facebook: wwww.facebook.com/murdocorp/
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