Attached files
| file | filename |
|---|---|
| EX-10 - LINE OF CREDIT FINANCING AGREEMENT - NORTHERN MINERALS & EXPLORATION LTD. | punchlinefinancingagreementw.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
Date of Report (Date of earliest event reported) | August 27, 2012 | ||||
PUNCHLINE ENTERTAINMENT, INC. | |||||
(Exact name of registrant as specified in its charter) | |||||
Nevada | 333-146934 | N/A | |||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||
736 Bay Street, Suite 1205, Toronto, Ontario, Canada | M5G 2M4 | ||||
(Address of principal executive offices) | (Zip Code) | ||||
Registrant’s telephone number, including area code | (416) 619-0611 | ||||
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:
☐ 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 August 27, 2012, we entered into a Line of Credit Financing Agreement with one US investor pursuant to which, the investor will make available of up to $1,000,000 by way of advances until August 27, 2013 (the “Completion Date”) in accordance with the terms of the agreement. The Completion Date may be extended for an additional term of up to twelve months at the option of our company or the investor upon written notice on or before the Completion Date in accordance with the notice provisions of the Financing Agreement. We will issue, within ten (10) Banking Days following the date of the receipt by our company of any advance under the agreement, shares of our common stock at a price equal to the average of the closing prices of our common stock for the preceding 5 Banking Days immediately preceding the date of the notice, as quoted on Yahoo Finance or other source of stock quotes as agreed to by the parties.
Item 9.01 | Financial Statements and Exhibits. |
10.1 | Line of Credit Financing Agreement dated August 27, 2012. |
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.
PUNCHLINE ENTERTAINMENT, INC. | |
/s/ Ramzan Savji | |
Ramzan Savji | |
President and Director | |
| |
Date: | August 31, 2012 |
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