Idaho
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7374
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47-5572388
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(State or other jurisdiction
of incorporation or organization)
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(Primary Standard Industrial
Classification Code Number)
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(I.R.S. Employer
Identification Number)
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Bare Metal Standard, Inc.
3604 S. Banner St.
Boise, ID 83709
208-898-9379
E-mail:
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
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Large accelerated filer
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¨
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Accelerated filer
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¨
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Non-accelerated filer
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¨
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(Do not check if a smaller reporting company)
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Smaller reporting company
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x
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Title of each Class of Securities to be Registered
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Amount to be
Registered
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Proposed
Maximum
Offering
Price Per
Unit
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Proposed
Maximum
Aggregate
Offering
Price
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Amount of
Registration
Fee
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||||||||||||
(2 | ) | (3 | ) | (1 | ) | |||||||||||
Common Stock $0.001 par value to be sold by selling shareholders
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12,000,000 | $ | .50 | $ | 6,000,000 | 604.20 |
(1)
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Registration Fee has been paid via Fedwire.
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(2)
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This is the initial offering and no current trading market exists for our common stock
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(3)
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Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a) of the Securities Act.
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management services,
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equipment manufacturing and
leasing
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government/public affairs
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strategic partnerships
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branding.
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Securities being Offered
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An aggregate of 12,000,000 shares of common stock: 6,000,000 common shares and 6,000,000 common shares underlying the warrants to purchase common stock, which are being offered. The offering will terminate upon the earliest of (i) such time as all of the common stock has been sold pursuant to the registration statement or (ii) 365 days from the effective date of this prospectus.
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Price per share
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The Company will sell their shares at a fixed price per share of $0.50 for the duration of this Offering, or until the securities are quoted for trading on the OTC Bulletin Board or on a recognizable market or exchange, and thereafter at prevailing market prices or privately negotiated prices.
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Securities Issued
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31,000,000 restricted shares of common stock are issued and outstanding.
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Offering Proceeds
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The Company will receive the proceeds from the sale of the 12,000,000 common shares that are being registered. The company will receive $3,000,000 if all common shares are sold and $12,000,000 if all the 6,000,000 warrants are exercised at $2.00 per share.
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Registration costs
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We estimate our total offering registration costs to be $105,000. This includes pay for legal expenses, accounting fees, transfer agent costs, filing fees, printing, and correspondence with our shareholders.
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·
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Our ability to attract new franchisees
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·
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Our ability to generate sufficient revenue through the sale and royalties of our franchises.
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☐
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develop sales and a customer base,
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☐
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complete the development of our franchise network
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☐
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improve the performance and capabilities of our franchisees
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☐
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hire, train and retain skilled talent, including direct sales personal
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☐
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develop customer satisfaction, quality and ensure timely job performance
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☐
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develop a strategic sales network;
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☐
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maintain the quality of our website
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Funding Level
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100% | 66% | 33% | |||||||||
Proceeds
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$ | 3,000,000 | $ | 1,900,000 | $ | 990,000 | ||||||
Shares Outstanding
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37,000,000 | 34,960,000 | 32,980,000 | |||||||||
Offering Price per Share
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$ | 0.50 | $ | 0.50 | $ | 0.50 |
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·
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Access to all our books and records.
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·
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Access to all material contracts and documents relating to our operations.
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·
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The opportunity to obtain any additional information, to the extent we possessed such information, necessary to verify the accuracy of the information to which the investors were given access.
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California
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Hawaii
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Illinois
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Maryland
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Michigan
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New York
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North Dakota
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South Dakota
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Rhode Island
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Wisconsin
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Leaflets, booklet,
catalogues, other printed
advertisement
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Internet advertising,
banners, landing pages,
groups in social networks
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Marketing
Firm
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TOTAL:
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|||||||||||
$ | 50,000 | $ | 150,000 | $ | 100,000 | $ | 300,000 |
James Bedal
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52
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CEO
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Michael Taylor
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55
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President
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Jeffrey Taylor
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57
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Secretary
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Name and Address of
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Amount and Nature of
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||||||
Title of Class
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Beneficial Owner
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Beneficial Ownership
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Percentage
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Common Shares
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James Bedal
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10,000,000 | 32.3 | % | |||
Common Shares
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Michael Taylor
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10,000,000 | 32.3 | % | |||
Common Shares
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Jeffrey Taylor
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10,000,000 | 32.3 | % |
Bare Metal Standard Inc.
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Balance Sheet
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See accompanying notes to financial statements.
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Bare Metal Standard, Inc.
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Statement of O
per
ations
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From inception
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November 12, 2015
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through
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January 31, 2016
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Revenue
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$ | - | ||
Gross income
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- | |||
Operating expenses
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General and administrative expenses
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31,014 | |||
Total operating expenses
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31,014 | |||
Loss from operations
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(31,014 | ) | ||
Net loss
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$ | (31,014 | ) | |
Basic and diluted net loss per share
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$ | (0.01 | ) | |
Weighted average shares outstanding
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Basic and diluted
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$ | 3,875,000 |
See accompanying notes to financial statements.
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Bare Metal Standard, Inc.
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Statement of Stockholders'
Defi
cit
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November 12, 2015 (Inception) through January 31, 2016
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Preferred
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Common
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Additional Paid-
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Accumulated
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Stockholders'
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||||||||||||||||||||||||
Shares
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Par
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Shares
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Par
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In Capital
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Deficit
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Deficit
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Balances at inception, November 12, 2015
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- | $ | - | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||
Common stock issued to founders for services
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- | 31,000,000 | 31,000 | - | - | 31,000 | ||||||||||||||||||||||
Net loss
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- | - | - | - | (31,014 | ) | (31,014 | ) | ||||||||||||||||||||
Balances at January 31, 2016
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- | - | 31,000,000 | $ | 31,000 | $ | - | $ | (31,014 | ) | $ | (14 | ) |
See accompanying notes to financial statements.
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Bare Metal Standard, Inc.
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Statement of
Cas
h Flow
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From inception
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November 12, 2015
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through
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January 31, 2016
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Cash flows from operating activities
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Net loss
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$ | (31,014 | ) | |
Adjustments to reconcile net loss to net cash used in operating
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activities
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Common stock issued to founders for services
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31,000 | |||
Net cash used in operating activities
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(14 | ) | ||
Cash flows from investing activities
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Net cash used in investing activities
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- | |||
Cash flows from financing activities
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Loan from related party
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50 | |||
Net cash provided by financing activities
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50 | |||
Increase in cash and cash equivalents
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36 | |||
Cash and cash equivalents, beginning balance
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- | |||
Cash and cash equivalents, ending balance
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$ | 36 | ||
Supplementary information
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Cash paid during the year for:
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Interest
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$ | - | ||
Income taxes
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$ | - |
See accompanying notes to financial statements.
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1.
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To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
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i.
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To include any Prospectus required by section 10(a)(3) of the Securities Act of 1933;
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ii.
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To reflect in the Prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
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iii.
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To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
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2.
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That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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3.
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To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
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4.
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That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
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i.
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Any Preliminary Prospectus or Prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
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ii.
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Any free writing Prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
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iii.
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The portion of any other free writing Prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
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iv.
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Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
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5.
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That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser: Each Prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than Prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or Prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or Prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or Prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
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Reraise Gaming Corporation
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By:
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/s/ James Bedal
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James Bedal
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Chief Executive Officer
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NAME
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TITLE
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/s/ James Bedal
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Chief Executive Officer,
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Exhibits
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Description
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Exhibit
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3.1
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Articles of Incorporation
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3.2
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Bylaws
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Exhibit
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4.1
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Form of subscription agreement
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Exhibit
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5.1
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Legal Opinion Thomas Cook
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Exhibit
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23.1
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Consent of MaloneBailey
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23.2
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Consent of Thomas Cook Esq
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payable to:
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Bare Metal Standard
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Name of (Typed or Printed)
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Signature
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Joint Account Owner (Typed or Printed)
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Signature
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Tax Identification or Social Security Number(s)
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Address
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City, State, Country and Postal Code
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DATED:____________________, 2016
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BARE METAL STANDARD,
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a Idaho Corporation
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By:
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James B. Taylor
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Chief Executive
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Officer
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Sincerely,
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Thomas C. Cook, Esq.
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