$HIRU PR: Hiru Announces Return of 1 Billion Share

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Hiru Corporation (OTC: HIRU) Announces Return of 1 Billion SharesPress Release | 04/26/2024

Hiru Corp (OTCPINK: HIRU), www.otchiru.com announces the return of 1 billion shares to its treasury.


Following diligent efforts, the Company has successfully recovered 1 billion common shares, with the claw back provisions. The company originally had aimed to reclaim between 400 to 600 million shares issued to the ecommerce & shipping acquisition. This claw back stems from certain milestones HIRU management placed on the ecommerce / shipping acquisition which were not met.

Our current share structure will change from:


Outstanding Shares: 3,451,425,394 -

Restricted: 1,008,037,547 -

Unrestricted: 2,443,387,847 -


To:


Outstanding Shares: 2,451,425,394

Restricted: 8,037,547

Unrestricted: 2,443,387,847


Notwithstanding the return of this 1 billion shares the Company through a complex debt swap and certain financing the Company re acquired on all cash basis the logistics business and the retail portal thefixtureplace.com. Revenues and expenses together with the financing will be reflected in the Company Q2 disclosure. By all indications, the Company expects to make a tidy profit moving forward with the current right sized business model.


FAQ: Following certain trauma (i.e. loss of a single use customer Alkaline88) in or about October 2023 and certain litigation against the ex-management & HIRU the Company decided to reorganize and restructure. See Otc filing


11/10/2023


Supplemental Information - Successful Informal Reorganization, Corporate Reorganization and content at https://tinyurl.com/HIRU-RE-ORG


FAQ: Regarding HIRU being named as a litigant by a Credit Union, the Company was successful in setting aside the default judgement due to the non-responsiveness or negligence of the ex-management. The Company intends to vigorously defend this and or any other frivolous complaint brought forth against the Company.


FAQ: Although the Company maintains its H20 Alkaline equipment, it is no longer in the water packing business. (The current equipment is being offered for sale thru a business broker) as an asset purchase. The management is of the opinion that by all accounts the sale should settle the equipment debt. https://www.otchiru.com/alkaline-equipment-sale


HIRU website is self-explanatory addressing current logistics and mining operations.


https://www.otchiru.com/ and mining https://www.mining.otchiru.com/ Our webmaster is in the process of reorganizing the web site as logistics and mining are clearly two separate sectors the Company is engaged in. We are not in a position to make any formal announcements other than those we received permission to do so with the targeted mining company. This announcement is for informative FAQ purpose of our followers.


Lastly, the Company is in final negotiations with a new CEO and management in the mining sector. Details will be provided as they crystallize, in a separate announcement and or OTC filing. The Company has received the resignation notice of CEO Mr. Gerald Mounger and COO Mr. Andrew Lapp. Updates to OTC will be made shortly in concert with the grace period and the finalization of the new management and its mining staff.


More updates will follow on this and other exciting events in the works on a timely basis.


About Hiru Corporation

HIRU is a holding Company (The Company) holds interest in 3 operating enterprises.

Mining Business,
Gold Trading / Processing
Freight & Warehouse services

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