Attached files
| file | filename |
|---|---|
| EX-10.1 - UNDERWRITING AGREEMENT - PGI ENERGY FUND I SERIES-2010,INC | dex101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
OCTOBER 11, 2010
Date of Report (Date of Earliest Event Reported)
PGI ENERGY FUND I SERIES 2010, INC.
(Exact name of registrant as specified in its charter)
| TEXAS | 333-168524 | 27-1980622 | ||
| (State or other jurisdiction of Identification) |
(Commission File Number) |
(IRS Employer No.) |
7322 SOUTHWEST FRWY. STE. 1100, HOUSTON, TX. 77074
Address
(713) 532-5649
Registrant’s telephone number, including area code
N/A
(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-4c)) |
| Item 1.01. | Entry into Material Definitive Agreement |
On October 08, 2010 PGI ENERGY FUND I SERIES 2010, Inc. (the “Company” or “PGI ENERGY”) entered into an underwriting agreement regarding its planned initial public offering with Heffernan Capital Management. Originally the Company planned to offer shares to the public in a self-underwritten initial public offering. The Company has determined the fully-underwritten offering to be in the best interest of the Company and its shareholders. The underwriter will underwrite 55,700,000 shares of common stock at a minimum bid of .25 per share. Heffernan Capital Management is a licensed Asian fund located in Bangkok, Thailand with $500Mil. under management. A copy of the Underwriting Agreement is filed as Exhibit 10.1 hereto and incorporated herein by reference.
| Item 5.02 | Election of Director |
The Company held a special board to elect Roger A.T Smith as a board member. Roger A. T Smith has over 30 years drilling, completion, work over and production experience with a B.A. in Mechanical Engineering. Mr. Smith is the CEO of The Sanday Corporation and is an advisor to Petrohawk and K&M Technology Group. He has provided consulting review for the acquisition targets of PGI Energy Fund I Series 2010 and is an invaluable resource to the board.
| Item 8.01 | Other Events |
We are pleased to announce the upcoming IPO of PGI ENERGY FUND I SERIES 2010, a Texas Corporation. PGI Energy Fund I SERIES 2010 is an energy holding company focused on acquiring proven producing oil & gas assets and mid-stream income producing assets. The Company has made application to be listed on the OTCBB and ticker symbol request to Finra in order to launch its IPO. The Company is anticipating a hard launch date of its IPO on October 29, 2010. This announcement appears as a matter of record and is not a solicitation or offer to purchase securities. The offering is made by prospectus only. Copies of the Prospectus may be obtained in any State in which this announcement is circulated where the undersigned may legally offer these securities in such State.
| Item 9.01 | Exhibit |
| Exhibit Number |
Description | |
| Exhibit 10.1 | Underwriting Agreement | |
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.
| PGI ENERGY FUND I SERIES 2010, INC. | ||
| By: | /s/ MARCELLOUS S. MCZEAL | |
| Name: | MARCELLOUS S. MCZEAL | |
| Title: | Chief Executive Officer | |
| Dated: | 10/11/2010 | |