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EX-99.1 - EXHIBIT 99.1 - RYU APPAREL INC.ex99_1.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):  June 5, 2013


Respect Your Universe, Inc.
(Exact name of registrant as specified in its charter)

 
NEVADA
000-54885
   20-0641026
 
 
(State or other jurisdiction
      of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 



 
817 North Russell Street
Portland, Oregon
97227
 
 
(Address of principal executive offices)
(Zip Code)
 

Registrant's telephone number, including area code:  877-798-8326

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:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 

 

Item 3.02 Unregistered Sales of Equity Securities.
 
On June 3, 2012, we sold an aggregate of 7,290,000 units at a price of US$0.25 per share for gross proceeds of US$1,822,500.  We issued 4,410,000 of these shares to 11 non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction in which we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended and 2,880,000 of these shares to four US person, who is an accredited investor (as that term is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended) and, in issuing these shares to this person we relied on the exemptions from the registration requirements provided for in Rule 506 Regulation D and/or Section 4(2) of the Securities Act of 1933, as amended.
 
Item 8.01 Other Events.
 
A news release with respect to the completion of the private placement is furnished to this Form 8-K Current Report as exhibit 99.1.
 
Item 9.01 Financial Statements and Exhibits.

99.1           News Release issued by the Registrant on June 3, 2013.
 

 
 
 
 
 
 

 
 
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 thereunto duly authorized.

Respect Your Universe, Inc.

Dated:
June 6, 2013
 
     
By:
/s/ Aaron Loreth
 
 
Aaron Loreth
 
 
Chief Financial Officer