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EX-99.1 - PRESS RELEASE DATED MARCH 17, 2015 - PERPETUAL INDUSTRIES INC.piengagesservicesofhanover_m.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


March 15, 2015

Date of Report (Date of earliest event reported)


Perpetual Industries Inc.

(Exact name of registrant as specified in its charter)


Nevada


333-187134


71-103-2898

(State or other jurisdiction of incorporation)


(Commission File Number)


(IRS Employer Identification No.


#110, 5-8720 Macleod Trail South, Calgary, Alberta,

 

T2H 0M4

(Address of principal executive offices)

 

(Zip Code)


Registrants telephone number, including area code (403) 214-4321


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 (see General Instruction A.2. below):


[  ]

Written communications pursuant to Rule 425 under 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 March 15, 2015, the registrant entered into a twelve-month service agreement with Hanover International Inc. for creating an effective campaign by applying best industry practices in the areas of financial communications and corporate finance advisory for Perpetual Industries, Inc. for a value consisting of (i) monthly cash payments of $2,500 for the first 6 months increasing to $5,000 for the last 6 months of the agreement and (ii) a total of 500,000 restricted shares of common stock.  The first quarterly stock payment of 125,000 is issuable on the 91st day following execution of this Service Agreement.  Subsequent quarterly stock issuances shall be issued every 90 days thereafter for the term of the Agreement. There is no material relationship between Hannover and the registrant or its affiliates, other than in respect of said agreement.


Item 8.01. Other Items.

Attached as Exhibit 99.1 is a copy of a press release of Perpetual Industries Inc. Dated March 17, 2015, reporting its service agreement with Hanover.



Item 9.01. Financial Statements and Exhibits.


(d) Exhibits, The following exhibit is furnished herewith.


Exhibit No.

Description

 

99.1

Press Release dated March 17, 2015





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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.


 

PERPETUAL INDUSTRIES INC.

 

 

 

 

 

Date: March 17, 2015

By:

/s/ Brent W. Bedford

 



Chairman, President and CEO






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