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) June 30, 2012
Portlogic Systems Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
100 King St. W., Suite 5700, Toronto, Ontario, Canada
(Address of principal executive offices)
Registrants 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:
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))
Item 1.01 Entry into a Material Definitive Agreement
On June 30, 2012, we entered into an Independent Contractor Agreement with our Principal Accounting Officer, Jueane Thiessen. The agreement provides that Ms. Thiessen is to continue to perform services as our Chief Financial Officer and Treasurer pursuant to the directives of our Board of Directors, including managing our financial, accounting, and overall operations and other duties customarily associated with the role of President and Treasurer. Unless the agreement is terminated early, the services shall be performed from July 1, 2012 through June 30, 2014. This agreement permits early termination by either party upon delivery of 30 days advance written notice. There are no early termination penalties.
The Independent Contractor Agreement between Jueane Thiessen and Portlogic Systems Inc. is filed as Exhibit 10.1 to this report, incorporated herewith.
This report may contain forward-looking statements that involve risks and uncertainties. We generally use words such as believe, may, could, will, intend, expect, anticipate, plan, and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including: our ability to continue as a going concern, the various interrelationships between our officers and directors which may cause conflicts of interest, amendments to current regulations adversely affecting our business, results of operations and prospects, our ability to raise additional capital, that we do not carry insurance and we may be subject to significant lawsuits which could significantly increase our expenses, and such other risks and uncertainties as may be detailed from time to time in our public announcements and filings with the U.S. Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Item 9.01 Financial Statements and Exhibits.
Independent Contactor Agreement between Jueane Thiessen and Portlogic Systems Inc., dated June 30, 2012.
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 thereunto duly authorized.
Portlogic Systems Inc.
Date: July 5, 2012
/s/ Jueane Thiessen
Chief Financial Officer