(Edgar Glimpses Via Acquire Media NewsEdge) Item 3.02. Unregistered Sales of Equity Securities
On August 1, 2014, we issued 3,636,364 shares of our common stock to one
accredited investor at a price of $.55 per share, for gross proceeds of
approximately $2.0 million. Such transaction was and is exempt from the
registration provisions of the Securities Act of 1933, as amended, pursuant to
Regulation S and Section 4(2) of such statute.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On August 1, 2014, we agreed to issue to Ali H M Afdhal, one of our
directors, 218,182 shares of our common stock as a fee in respect of his
arrangement of the transactions described in Item 3.02 above.