SUBSEQUENT EVENTS

12 Months Ended

May 31, 2018

NOTE 8 – SUBSEQUENT EVENTS

On April 23, 2019, the Board of Directors and the majority shareholder of the Company approved a Plan of Conversion of the Company from a Nevada corporation into a Bahamas corporation (the “Plan”). The Company filed Articles of Continuation (the “Bahamas Articles of Continuation”) in such form as required by the provisions of Chapter 309, Part VIII, Sections 84-88 of the Bahamas International Business Companies Act, as amended (the "Bahamas Law") with the Registrar of Companies in the Bahamas as provided in the Bahamas Law, and Articles of Conversion (the “Nevada Articles of Conversion”) in such form as required by the provisions of Section 92A. 205 of the Nevada Revised Statutes (“Nevada Law”) with the Secretary of State of the State of Nevada.

In accordance with the Plan, upon the effective time of conversion, the Articles of Incorporation and Bylaws of the Company currently in place shall be replaced by the Bahamas Articles of Continuation and Articles of Association respectively, to comply in all respects with the applicable provisions of Bahamas Law.

In addition, and in accordance with the Plan, the Bahamas Articles of Continuation, and Articles of Association, the following changes were approved on April 23, 2019 and become effective upon the effective time of conversion:

•

The Company’s name changed from Amperico Corp. to Bitsian Ltd.

•

The authorized common shares of the Company increased from 500,000,000 to 1,000,000,000.

•

The outstanding common shares of the Company decreased from 134,400,000 to 2,696 on a pro rata basis as a result of a 50,000 to 1 reverse split in which any fractional shares shall be rounded up (NOTE: the effects have been applied on a retroactive basis in these financial statements).

The Company received its Certificate of Continuation from the Registrar of Companies in the Bahamas on May 13, 2019, with an effective time of conversion of April 30, 2019.

The Company plans to file the foregoing changes with FINRA, but there is no guarantee FINRA will effectuate the changes.

Bitsian Inc. Transaction

On June 11, 2019, the Company issued a total of 300,000,000 shares of common stock to seven individuals and two companies (collectively referred to as the “Bitsian Shareholders”) as full consideration for the acquisition of a 100% interest in Bitsian Inc. (hereinafter referred to as "Bitsian"), a Delaware corporation based in New York. The Company, Bitsian, and the Bitsian Shareholders entered into a share exchange agreement on June 7, 2019 whereby the Bitsian Shareholders exchanged their shares in Bitsian for shares in the Company. The Bitsian Shareholders represented a total of 100% of the issued and outstanding share capital in Bitsian.

Bitsian Inc. was recently formed to develop, own and operate the PriceCoin Platform, an online platform whereby users will be able to buy and sell crypto currencies on a variety of exchanges through one simple interface. The PriceCoin Platform will initially be accessible by institutional investors and upon receiving all regulatory approvals to global investors and will be available in web format.

Coin Trader Ltd. Transaction

On June 11, 2019, the Company issued a total of 300,000,000 shares of common stock to three individuals and two companies (collectively referred to as the “Coin Trader Shareholders”) as full consideration for the acquisition of a 100% interest in Coin Trader Ltd. (hereinafter referred to as "Coin Trader"), a company incorporated and based in the Bahamas. The Company, Coin Trader, and the Coin Trader Shareholders entered into a share exchange agreement on June 7, 2019 whereby the Coin Trader Shareholders exchanged their shares in Coin Trader for shares in the Company. The Coin Trader Shareholders represented a total of 100% of the issued and outstanding share capital in Coin Trader.

Coin Trader was recently formed to develop, own and operate the CoinTraders Platform, an online exchange whereby users will be able to buy and sell crypto currencies, utility tokens, and other digital assets. The CoinTraders Platform will be accessible by non-US investors and will be available in both web and mobile formats. Users will have access to over 100 crypto pairs and will be able to fund their accounts with fiat currency. There will be no deposit or withdrawal limits and the CoinTraders Platform will simplify utility token offerings.

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to May 31, 2017 to the date these financial statements were available to be issued, and has determined that there are no additional material subsequent events to disclose in these financial statements.

AMPERICO CORP 10-K