VIP Play, Inc. (VIPZ): debt financing — KeyStar Corp borrows additional $2.975M under credit line, appoints James Mackey as CFO

VIP Play, Inc.

James Mackey appointed CFO effective March 1, 2024; annual salary $275,000.
Mackey previously EVP & CFO for Wells Fargo Consumer Lending and CFO of Freddie Mac.
Total outstanding under Fifth Amended Note with Excel Family Partners reaches $4,088,800.
Six new borrowings from Jan 4 to Feb 27, 2024 added $2.975M to prior $1,135,000 balance.
Note is a discretionary non-revolving line of credit with principal limit of $2,000,000.

item 2.03 item 5.02 item 9.01

Executive movements

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Appointed

James Mackey

Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer

VIPZ · VIP Play, Inc.

Effective: 2024-03-01
Filed: March 7, 2024, 6:59 PM ET

On March 1, 2024, the board of directors of the Company (the “ Board ”) appointed James Mackey (“ Mackey ”) as the Company’s new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIP Play, Inc. incurred debt of $2,000,000 with Excel Family Partners, LLLP.

Principal: $2,000,000
Counterparty: Excel Family Partners, LLLP
Event: incurrence

Exact text from the filing

In a Current Report on Form 8-K filed on January 4, 2024, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”) disclosed that on December 29, 2023 the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership in the principal amount of not more than $2,000,000 (the “ Note ”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Mackey was appointed as Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer at VIP Play, Inc..

Action: appointed
Role: Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer

Exact text from the filing

On March 1, 2024, the board of directors of the Company (the “ Board ”) appointed James Mackey (“ Mackey ”) as the Company’s new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer, effective immediately.

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

VIP Play, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-009198

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