Phone: 877-291-0053 Email: info@virtualsourcinginc.com
FORM S-1
As filed with the Securities and Exchange Commission on December 24, 2014
Virtual Sourcing, Inc .
offering for sale a total of 35,000,000 shares of its Common Stock
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10378221
On November 20,2014, the Company executed a debt settlement agreement for existing accrued debt ( the "Debt" ) with IBC Funds LLC. Pursuant to the Agreement. the Company issued a convertible note Due November 21, 2415 for a total of $62,500. An additional charge of 2,500,000 common shares was added for fees. 'The debt allows conversions of the balance due at 55% of the lowest bid price during the 15 days prior to conversion. IBC Funds LLC may not hold more than 4.99% of the outstanding common stock at any time.
http://www.otcmarkets.com/financialReportView...;id=130238