Attached files
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EX-10.1 - EXHIBIT 10.1 - Park Place Energy Corp. | exhibit10-1.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) August 30, 2013
PARK PLACE ENERGY
CORP.
(Exact name of registrant as specified in its
charter)
Nevada | 000-51712 | 71-0971567 |
(State or other jurisdiction of | (Commission File Number) | (IRS Employer |
incorporation) | Identification No.) |
300, 400 5th Avenue SW, Calgary, AB, Canada | T2P 0L6 |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code 403-539-8710
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 Material Definitive Agreement |
Effective August 30, 2013, Park Place Energy Corp. (the Company) entered into private placement subscription agreements for the sale of an aggregate of 11,000,000 units. Pursuant to the agreements, the Company issued 11,000,000 units at a purchase price of $0.10 per unit, for total proceeds of $1,100,000. Each unit consists of one share of the Companys common stock and one common share purchase warrant. Each Warrant is exercisable into one share of the Companys common stock for a period of 36 months from the date of closing at a price of $0.20 per share.
Item 3.02 | Unregistered Sales of Equity Securities |
Effective August 30, 2013, the Company issued an aggregate of 11,000,000 shares of its common stock and 11,000,000 warrants pursuant to the private placement subscription agreements referred to above.
The Company issued these securities to eight (8) accredited investors (as that term is defined in Section 4(2) of the Securities Act of 1933) pursuant to the exemption from registration provided for under Rule 506 of Regulation D, promulgated under the United States Securities Act of 1933, as amended.
Item 9.01 | Financial Statements and Exhibits |
10.1 | Form of 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.
PARK PLACE ENERGY CORP.
/s/ Taisiia Popova | |
Taisiia Popova | |
Chief Executive Officer |
Date: September 4, 2013