Apple iSports Group converts $2.81M debt into 11.2M shares; top shareholder Cres Pty Ltd stake rises to 41%

Apple iSports Group, Inc.

Cres Pty Ltd exchanged $2,807,760 of loans (including accrued interest) for 11,231,040 shares of common stock at $0.25 per share.
Immediately after conversion, Cres Pty Ltd owned 90,408,541 shares or 41% of total outstanding, up from 38%.
Marino Sussich, controlling party of Cres and related entities, beneficially owns 44.2% of common stock.
Total outstanding shares increased from 208,484,811 to 219,715,851 post-conversion.
Shares issued are unregistered; restrictive legend applies and no public market exists.

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