Attached files
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EX-10.1 - Titan Oil & Gas, Inc. | form8k081810ex10-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): August 18, 2010
TITAN OIL & GAS,
INC.
(Exact
Name of Registrant as Specified in Its Charter)
Nevada
|
333-153762
|
26-2780766
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
7251
West Lake Mead Boulevard, Suite 300
Las Vegas,
Nevada
(Address
of Principal Executive Offices)
89128
(Zip
Code)
(702)
562-4315
(Registrant’s
Telephone Number, Including Area Code)
(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 (see General Instruction A.2. below):
|_|
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
240.14a-12)
|_|
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))
1
Section
1 – Registrant’s Business and Operations
Item
1.01. Entry into a Material Definitive Agreement.
On April
18, 2010, Titan Oil & Gas, Inc., a Nevada corporation (the “Registrant”)
acquired an interest in a Petroleum and Natural Gas Lease (the “Lease”) in the
province of Alberta. The rights to the Lease were acquired for an
aggregate CDN $12,521 (USD $12,170) and the purchase price includes the first
year’s aggregate annual lease payments of CDN $896 (USD $871). The
total area covered by the Registrant’s Lease is 256 hectares. The
interests in the Lease were acquired through a public land auction process held
on a regular basis by the Alberta provincial government.
Section
8 – Other Events
Item
8.01 Other Events.
Also on
April 18, 2010 the Registrant closed a private placement of 160,000 common
shares at $0.50 per share for a total offering price of $80,000. The
common shares were offered by the Company pursuant to an exemption from
registration under Regulation S of the Securities Act of 1933, as
amended. The private placement was fully subscribed to by one
non-U.S. person.
Item
9.01 Financial Statements and Exhibits
(a)
Financial Statements.
(b) Pro
forma financial information.
(c)
Exhibits:
10.1 Form of Private Placement Subscription
Agreement
2
SIGNATURES
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.
Titan
Oil & Gas, Inc.
|
|
(Registrant)
|
|
By:
/s/ Depinder Grewal
|
|
Name:
Depinder Grewal,
Title:
President, Chief Executive Officer, Treasurer, Secretary and
Director
|
Date: August
23, 2010