Awaysis Capital completes $5.5M acquisition of Chial Mountain assets in Belize via insider notes

Awaysis Capital, Inc.

Purchase price $5.5M: $2.4M cash, $1.5M zero-interest promissory note, $1.6M convertible note at 3.5% to Chairman/Co-CEO Michael Singh.
Acquired all stock and assets of Chial Mountain, including ~21 acres with 35 villas in Cayo District, Belize for Awaysis branded residential enclave.
Notes are secured by first priority liens on substantially all company assets; convertible note converts at prior day's closing price.
Seller Chial Mountain is an affiliate of Michael Singh; Awaysis Belize was formed by Singh and Trumbach and transferred to Awaysis Capital for nominal $10.
Company plans to further develop and renovate villas; will file historical/pro forma financials later.

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