UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): December 12, 2015

 

Commission File Number: 00052886

 

EASTGATE BIOTECH CORP.

(Exact name of small business issuer as specified in its charter)

 

Nevada

(State or other jurisdiction of incorporation or organization)

 

87-0639378

(IRS Employer Identification No.)

 

2203-65 Harbour Square | Toronto, Ontario | Canada M5J 2L4

(Address of principal executive offices)

 

(647) 692-0652

(Registrant's Telephone number)

 

_______________________________________________

(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 (see General Instruction A.2. below):

 

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

 

Disclosures required under 1.01 (a) and (1) and (2)

 

On December 8th 2016, EastGate Biotech Corp. reached an agreement in principle, with Gunpowder Capital Corp. a Canadian public merchant bank, to assist EastGate Biotech with the proposed Canadian stock listing on the Canadian Stock Exchange (“CSE”).

 

Upon completion of the go public process, EastGate Biotech shall engage Gunpowder Capital Corp. as non-exclusive capital markets advisor. In this role, Gunpowder Capital Corp. shall assist EastGate by setting up various broker, investor and analyst meetings and advising as requested on financing initiatives. The period of such engagement is for a minimum of six months.

 

As per the agreement EastGate Biotech would compensate Gunpowder Capital Corp. by issuance of shares of 8% of the outstanding common shares of the company, upon completion of the go public transaction. In return, Gunpowder Capital Corp. is expected to subscribe for up to $250,000 of the common shares in the capital of the company. EastGate will pay Gunpowder Capital Corp. advisory fee for the professional services.

 

CSE is a designated stock exchange by the Canadian Department of Finance. This means that all securities on the exchange are both RRSP and TFSA eligible. It is a recognized stock exchange by the securities commissions in Canada and is also a Designated Offshore Securities Market with the Securities & Exchange Commission (“SEC”) in the United States.

 

Agreement will be filed with Form 10Q during the period when it becomes effective, pursuant to rule 601(b)(10) of S-K

 

 
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SIGNATURE

 

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.

 

 EastGate Biotech Corp.

(Registrant)

      
Date: 19th December 2016By:/s/ Anna Gluskin
 Title:Chairman and Chief Executive Officer 

 

 
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FORWARD-LOOKING STATEMENTS

 

This report contains information that may constitute ‘‘forward-looking statements.’’ Generally, the words ‘‘believe,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘estimate,’’ ‘‘anticipate,’’ ‘‘project,’’ ‘‘will’’ and similar expressions identify forward-looking statements, which generally are not historical in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to volume growth, share of sales and earnings per share growth, and statements expressing general views about future operating results — are forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company’s historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in EastGate Biotech Corp. annual Form 10K filings and those described from time to time in our future reports filed with the Securities and Exchange Commission.

 

 

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