Okmin Resources converts $195K debt to equity, raises $30K private placement

OKMIN RESOURCES, INC.

Converted all outstanding convertible debt (principal $131,135 + interest $63,956) into 6,503,024 common shares at $0.03/share.
Private placement of 1,000,000 common shares at $0.03/share raised $30,000 for working capital.
Both issuances claimed exempt under Section 4(a)(2) and Rule 506 of Regulation D to accredited investors.
No securities registered on any exchange; company is an emerging growth company.

item 8.01

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