Attached files
| file | filename |
|---|---|
| EX-99.1 - Cannagistics Inc. | ex99_1.htm |
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): January 25, 2016
Precious Investments, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 333-119848 | 90-0338080 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
133 Richmond Street West, Suite 310 Toronto Ontario, Canada |
M5H-2L3 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: 416-878-3377
___________________________________________________ (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 (17CFR 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)) |
SECTION 8 – Other Events
Item 8.01 Other Events
As previously disclosed, we acquired from Kashif Khan, our COO and director, colored diamonds with a wholesale value of $4,000,000 (the “Assets”) pursuant to a Diamond Purchase Agreement. We had indicated in a press release dated January 25, 2016, that the Assets were insured by Lloyds of London. We are filing this Current Report on Form 8-K to clarify that the Assets were not insured by Lloyds of London, but rather, Jewelers Mutual Insurance Company insured the Assets at the time. This policy with a coverage of $6,000,000 on the Assets held at 1101-21 Dundas Sq. Toronto, ON MB51B7 is attached hereto as Exhibit 99.1.
When discussing the policy, Khan misinterpreted which company would be the underwriter of the insurance in a conversation with the insurance broker that put the policy together. Lloyds of London never insured the Assets. The attached policy is still in effect as of the date of this Current Report.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description | |
| 99.1 | Insurance Policy |
| 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.
Precious Investments, Inc.
/s/ Nataliya Hearn
Nataliya Hearn
ChiefExecutive Officer
Date: Febuary 29, 2016
| 3 |