---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-006474"
form_type: "8-K"
ticker: "ILXP"
cik: "0001115864"
company_name: "ECOMINAS CORP."
filed_at: "2026-10-27T21:25:49+00:00"
generated_at: "2026-10-27T21:30:29.002448+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ecominas buys AI oilfield IP; seller Franklin Marín Toro becomes CEO, gets 24M shares

## Summary
- Acquired SIP-AI/SIP-3 oilfield IP and SAPI registrations FM-03779, SO72943 from Franklin Marín Toro for 10M restricted shares and 2M Series B preferred (200 votes each); no cash.
- Seller Franklin Marín Toro named CEO, President, Secretary, Treasurer and director on Oct 22, 2026; no independent valuation/fairness opinion obtained; COO Andrew Gaudet to exit after 2-3 weeks.
- Chairman Ricardo Silva Canelon to retain ~69.7% voting power; Marín Toro ~28.4%; officers/directors ~98.9%. Common shares rise ~34% from deal plus 12M employment shares.
- No revenue or customers; at June 30, 2026 total assets $766, liabilities $484,117, stockholders' deficit $483,351; auditor going-concern doubt. CEO salary $5,000/month from Dec 1, 2026.
- IP consists only of Venezuelan SAPI registrations and no U.S. patents; Venezuela/PdVSA remain blocked under OFAC, with GL 48D (Sept 28, 2026) conditioning permitted oil/gas services.

## SEC filing metadata
- accession: 0001477932-26-006474
- form_type: 8-K
- ticker: ILXP
- cik: 0001115864
- company_name: ECOMINAS CORP.
- filed_at: 2026-10-27T21:25:49+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 1.01, 5.02, 3.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/0001477932-26-006474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/ilxp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-006474
- JSON: https://secwatch.observer/filing/0001477932-26-006474.json
- Plain text: https://secwatch.observer/filing/0001477932-26-006474.txt

## Key facts
- Executive change
  Franklin Marín Toro was appointed as Chief Executive Officer, President, Secretary and Treasurer at ECOMINAS CORP..
  - Action: appointed
  - Role: Chief Executive Officer, President, Secretary and Treasurer
  source text: On October 22, 2026, the Board appointed Franklin Marín Toro as Chief Executive Officer, President, Secretary and Treasurer, and designated him as the Company’s principal executive officer and, until a separate Chief Financial Officer is appointed, its principal financial officer and principal accounting officer, effective at 5:00 p.m. Eastern Time on October 22, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/0001477932-26-006474-index.htm
- Executive change
  Franklin Marín Toro was appointed as interim Chief Financial Officer at ECOMINAS CORP..
  - Action: appointed
  - Role: interim Chief Financial Officer
  source text: Franklin Marín Toro , age 46, has served as Chief Executive Officer, President, interim Chief Financial Officer, Secretary and Treasurer, and a director of the Company since October 22, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/0001477932-26-006474-index.htm
- Executive change
  Ricardo Enrique Silva Canelon resigned as Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary at ECOMINAS CORP..
  - Action: resigned
  - Role: Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary
  source text: On October 22, 2026, Ricardo Enrique Silva Canelon resigned as Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary, effective at 5:00 p.m. Eastern Time on October 22, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/0001477932-26-006474-index.htm
- Executive change
  Franklin Marín Toro was appointed as Director at ECOMINAS CORP..
  - Action: appointed
  - Role: Director
  source text: Effective at the same time, the Board increased the number of directors from two to three and appointed Mr. Marín Toro as a director to fill the resulting vacancy.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1115864/000147793226006474/0001477932-26-006474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.