---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-22-001602"
form_type: "8-K"
ticker: "MYCB"
cik: "0001556801"
company_name: "My City Builders, Inc."
filed_at: "2022-07-29T23:59:59+00:00"
generated_at: "2026-06-24T06:57:11.070007+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# iMine Corp subsidiary RAC provides $672,960 secured loan to Fix Pads, assigns 50% to investor

## Summary
- RAC loaned $672,960 to Fix Pads Holdings at 12% interest, secured by 7 properties across multiple states.
- Note requires interest-only monthly payments, principal due July 1, 2023; 12% annual rate.
- RAC assigned half ($336,480) of the note to investor Frank Campanaro, retaining $336,480 principal plus half interest.
- Net effect: RAC disposed $328,625.73 cash and acquired $334,480 in secured note (difference due to prepaid interest).

## SEC filing metadata
- accession: 0001640334-22-001602
- form_type: 8-K
- ticker: MYCB
- cik: 0001556801
- company_name: My City Builders, Inc.
- filed_at: 2022-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556801/000164033422001602/0001640334-22-001602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556801/000164033422001602/jrvs_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-22-001602
- JSON: https://secwatch.observer/filing/0001640334-22-001602.json
- Plain text: https://secwatch.observer/filing/0001640334-22-001602.txt

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