SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September
CHEETAH OIL & GAS LTD.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of
||(Commission File Number)
||(IRS Employer |
||Identification No.) |
|17 Victoria Road, Nanaimo, BC Canada
||V9R 4N9 |
|(Address of principal executive offices)
||(Zip Code) |
Registrants telephone number, including area code (954)
(Former name or former address, if
changed since last report.)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation
of the registrant
under any of the following provisions:
[ ] Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
[ ] Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e -4(c))
Item 1.01 Entry
into Material Definitive Agreement
Unregistered Sales of Equity Securities.
On September 14, 2009, we issued 400,000 units in a private
placement, raising gross proceeds of $20,000, or $0.05 per unit. Each unit
consists of one common share in the capital of our company and one common share
purchase warrant. Each whole common share purchase warrant shall entitle the
holder thereof to purchase one share of common stock in the capital of our
company, for a period of twenty four months commencing from closing, at a
purchase price of $0.20 per warrant share.
We issued 400,000 common shares and 400,000 share purchase
warrants to one non-U.S. person (as that term is defined in Regulation S of the
Securities Act of 1933) in an offshore transaction relying on Regulation S
and/or Section 4(2) of the Securities Act of 1933.
On October 17, 2009, we issued an aggregate of 1,180,000 shares
of common stock, at a deemed price of $0.05 per share, of our company to pay off
$59,000 of convertible debt. The shares were issued to Sage Investments Ltd. in
payment of a debt conversion agreement between our company and Sage Investments
Also on October 17, 2009, we issued an aggregate of 90,000
shares of common stock, at a deemed price of $0.05 per share, of our company to
pay off $4,500 of finders fee. The shares were issued to Michael D. Jenks in
payment of a finders fee agreement between our company and Michael D. Jenks.
On November 27, 2009, we granted stock options to our officers
and directors, pursuant to our 2009 Stock Plan, to purchase up to 300,000 shares
of our common stock at an exercise price of $0.10 per share, exercisable until November 27, 2014. We issued the stock options to three (3)
non-U.S. person (as that term is defined in Regulation S of the Securities Act
of 1933), in an offshore transaction relying on Regulation S and/or Section 4(2)
of the Securities Act of 1933.
Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CHEETAH OIL & GAS, LTD.
|Date: December 30, 2009