Ecominas Corp. terminated and rescinded, effective immediately on October 28, 2026, its asset purchase agreement with Francisco Antonio Sbert Mousko, identified as the Seller. The agreement provided for Ecominas to acquire technology and intellectual-property assets and certain operational-use real-property and land-use interests for 700,000 shares of Series A Preferred Stock. Ecominas withdrew its treasury order, instructed its transfer agent not to issue those shares, relinquished any interest in the Purchased Assets, and stated that no consideration shares were issued and none will be issued. The company incurred no early termination penalties.
Separately, on October 27, 2026, the board approved a proposed change of the company’s name to EcoCora Intelligence Corp. The name change has not become effective and remains subject to requisite shareholder approval and applicable corporate and regulatory requirements, including an amendment filing with the Nevada Secretary of State and FINRA processing.
Ecominas Corp. (ILXP) completed an asset-only acquisition from Franklin Marín Toro on October 22, 2026, for 10,000,000 restricted shares of Common Stock and 2,000,000 shares of Series B Preferred Stock; no cash was payable. The assets include SIP-AI analytics and SIP-3 wellhead pressure-control technology, not an operating business. Transfer-agent instructions were delivered October 23; the shares will be reflected as issued and outstanding upon completion of applicable issuance procedures. Each Series B share has 200 votes and is not convertible into Common Stock.
Marín Toro became CEO, President, Secretary, Treasurer and a director. Ecominas agreed to issue him 12,000,000 restricted Common Stock shares for future services and pay a $5,000 monthly base salary, with the first payment due December 1, 2026. Specified events during the first 12 months may trigger repurchase of those shares at $0.0001 per share.
The technologies remain developmental, have not been commercially deployed and have generated no revenue; Ecominas has no customers or contracts. At June 30, 2026, assets were $766, liabilities were $484,117 and stockholders’ deficit was $483,351; auditors expressed substantial doubt about the company’s ability to continue as a going concern. Upon completion of the contemplated issuances, directors and executive officers would hold approximately 98.9% of voting power, and Common Stock outstanding would increase approximately 34%. Services to Venezuelan customers will be provided only if and to the extent authorized under U.S. sanctions laws.
Ecominas Corp. is offering up to 40,000,000 common shares at a fixed $0.01 per share, for maximum gross proceeds of $400,000. The best-efforts offering has no minimum; accepted subscriptions are not escrowed and generally become nonrefundable except as required by law, with proceeds available upon acceptance. Officers and directors will sell directly without an underwriter or transaction-based compensation. Before the offering, 48,215,467 common shares were outstanding; 88,215,467 would be outstanding if all offered shares are sold. Management set the offering price without an independent valuation.
As of June 30, 2026, Ecominas had $766 cash, $484,117 in current liabilities, a $483,351 working-capital deficit and a $5,509,482 accumulated deficit; for the quarter, it reported no revenue and a $20,602 net loss. Its auditor's report expresses substantial doubt about its ability to continue as a going concern. The company has not begun revenue-generating operations or entered material service contracts for its planned mining-services business, and it may need additional financing even if all shares sell. Proceeds are intended for equipment deployment, project evaluation, contractors, public-company costs and working capital. Ricardo Enrique Silva Canelon owns all 5,000,000 Series B preferred shares, each carrying 200 votes, and retains voting control after the maximum offering.
ECOMINAS CORP. is registering a primary best‑efforts offering of up to 40,000,000 shares of common stock at a fixed price of $0.01 per share, for maximum gross proceeds of $400,000. There is no minimum, no escrow, and subscriptions become available to the company as accepted, so funds may be used even if only a small portion of the offering is sold.
Before the offering, 48,215,467 shares are outstanding, rising to 88,215,467 shares if fully subscribed, which results in substantial dilution to new and existing stockholders. The company is an early‑stage mining‑services and mineral‑processing business that has no revenue, has not begun commercial operations, and had cash of $766, current liabilities of $484,117, and an accumulated deficit of $5,509,482 as of June 30, 2026; its auditor expressed substantial doubt about its ability to continue as a going concern.
Proceeds are expected to be used mainly for equipment rental and deployment, project evaluation and mobilization, contractors and technical personnel, and public‑company and working‑capital costs, and may be reallocated at management’s discretion. Control is highly concentrated: Ricardo Enrique Silva Canelon will retain effective voting control through ownership of all 5,000,000 Series B Preferred shares, each with 200 votes, even if the offering is fully sold. The common stock trades on the OTCID Basic Market under “ECOC,” has very limited liquidity, and is classified as a penny stock, which the company states may make trading more difficult.
Ecominas Corp. (ILXP) has filed an amended registration to conduct a primary, self-underwritten offering of up to 40,000,000 shares of common stock at a fixed price of $0.01 per share, for maximum gross proceeds of $400,000. The offering is on a best-efforts, no-minimum basis, with no escrow, so investor funds become available to the company as subscriptions are accepted and are generally non‑refundable.
Before the offering, Ecominas has 48,215,467 shares outstanding, no revenue under its current mining‑services business plan, cash of $766, a working capital deficit of $483,351, and an accumulated deficit of $5,509,482; its auditor has expressed substantial doubt about its ability to continue as a going concern. The company operates from Venezuela, plans to provide mineral‑processing services using rented equipment, and may need additional financing even if the offering is fully subscribed. Control is highly concentrated: after the maximum offering, management would still own about 54.6% of common stock, and the CEO holds 5,000,000 Series B Preferred shares with 1,000,000,000 votes, effectively retaining voting control. The stock trades thinly on the OTCIQ Basic Market as a penny stock, and the company highlights significant risks including severe dilution, illiquidity, political and sanctions risk tied to Venezuela, lack of operating history, and reliance on future capital raises.
Ecominas Corp, an early-stage mining services and mineral-processing company, reported no revenue for the three and six months ended June 30, 2026 and a net loss of $20,602 for the quarter and $54,290 for the first half, compared with losses of $5,778 and $18,756 a year earlier.
At June 30, 2026, the company had $766 in cash, current liabilities of $484,117 and a stockholders’ deficit of $483,351, with an accumulated deficit of $5,509,482. Management states these conditions raise substantial doubt about its ability to continue as a going concern and notes reliance on demand notes payable, including $163,710 at 10% interest to a single lender and $68,785 in related-party notes at 0% interest.
The business remained pre-revenue, focused on developing its mining-services model and an Asset Purchase Agreement that had not closed by June 30. Subsequent to quarter-end, Ecominas completed a 1-for-500 reverse stock split, issued 36,000,000 and 12,000,000 restricted common shares to two executives (bringing total common shares to 48,215,467), and closed an amended asset purchase by issuing 700,000 Series A preferred shares for technology and real-property interests.
Ecominas Corp., an early-stage mining-services and mineral-processing company focused on third‑party operators in Latin America, plans a primary offering of up to 40,000,000 common shares at $0.01 each, for maximum gross proceeds of $400,000. The offering is best‑efforts with no minimum, self‑underwritten by officers, and no escrow; funds become available as subscriptions are accepted and are generally not refundable.
Before the offering, 48,215,467 common shares are outstanding. If fully sold, outstanding common shares would rise to 88,215,467, while CEO Ricardo Enrique Silva Canelon would still retain voting control through 5,000,000 Series B Preferred shares carrying 1,000,000,000 votes. The company has no revenue, no cash or other recorded assets, current liabilities of $462,749, and an accumulated deficit of $5,488,880, and its auditors have expressed substantial doubt about its ability to continue as a going concern.
Proceeds are intended for equipment rental and deployment, project evaluation and mobilization, contractors and technical personnel, public‑company and regulatory costs, and working capital. The stock trades on the OTCID Basic Market under “ILXPD” and is expected to change to “ECOC”; trading has been limited and highly volatile.
Ecominas Corp. approved an unregistered equity compensation issuance to its two top executives. On July 21, 2026 the board ratified granting an aggregate 48,000,000 restricted common shares, par value $0.0001, under Executive Employment Agreements effective July 17, 2026.
Chief executive and board chair Ricardo Enrique Silva Canelon receives 36,000,000 restricted shares, and chief operating officer and director Andrew Gaudet receives 12,000,000 restricted shares, as compensation for services during the 12‑month term ending July 16, 2027. Both executives receive no cash salary for this period.
The shares are fully earned, vested and issuable upon execution of the agreements and board approval, with no cash consideration paid to the company. Early termination generally does not require forfeiture of the shares except in cases such as fraud, willful misconduct or breach of fiduciary duty. The company is issuing the restricted securities in book‑entry form under the private‑offering exemption in Section 4(a)(2) of the Securities Act of 1933, without underwriters or commissions.
Ecominas Corp reported no revenue for the quarter ended March 31, 2026 and remains pre‑revenue. Operating expenses rose to $30,835, mainly from higher professional and accounting fees, leading to a net loss of $33,688 versus $12,978 a year earlier.
The balance sheet shows no assets and total liabilities of $462,749, resulting in an accumulated deficit of $5,488,880 and a working capital deficit of $462,749. The company funded operations through new promissory notes, including $35,124 issued during the quarter at a 10% interest rate, all due on demand.
Management states that these losses and deficits raise “substantial doubt” about the company’s ability to continue as a going concern and that continued operations depend on securing new financing, which is not yet committed. Internal control over financial reporting and disclosure controls were evaluated as not effective due to limited resources, lack of segregation of duties, and the absence of an audit committee.