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) February 18, 2014
SUNVAULT ENERGY, INC.
(Exact name of registrant as specified in its charter)
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Nevada
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333-181040
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27-4198202
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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150 W. Axton Road, Bellingham, WA
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98226
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code (778) 478-9530
NA
(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:
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 1.01 Entry into Material Definitive Agreement |
Effective February 14, 2014, we entered into a debt settlement and subscription agreement wherein a creditor has agreed to accept 350,000 shares of our common stock at a deemed price of $0.10 per share as settlement of debt owed in the amount of $35,000.
| Item 3.02 Unregistered Sales of Equity Securities |
On February 14, 2014, we issued 350,000 shares of our common stock at a deemed price of $0.10 pursuant to the debt settlement and subscription agreement referred to above.
We issued the 350,000 shares of common stock to one (1) US person, relying on Rule 506 under Regulation D and/or Section 4(2) of the Securities Act of 1933.
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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.
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SUNVAULT ENERGY, INC.
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Date: February 18, 2014
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By:
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/s/ Gary Monaghan | |
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Gary Monaghan
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President and Director
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