News Column

ORIGINOIL INC FILES (8-K) Disclosing Unregistered Sale of Equity Securities

June 30, 2014



Item 3.02 Unregistered Sales of Equity Securities.

Consultant Issuances

Between May 30, 2014 and June 2, 2014, OriginOil, Inc. (the "Company") issued an aggregate of 97,917 shares of its common stock in lieu of cash consideration.

The securities above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions did not involve a public offering and the securities were acquired for investment purposes only and not with a view to or for sale in connection with any distribution thereof.

Conversion of Notes

Between June 10, 2014 and June 24, 2014, holders of convertible promissory notes converted an aggregate principal and interest amount of $238,212 into an aggregate of 3,578,081 shares of the Company's common stock.

The securities above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.

Make Good Issuances

In connection with certain one-time make good agreements, between May 16, 2014 and June 16, 2014, the Company issued an aggregate of 356,835 shares of its common stock to certain holders of its common stock.

The securities above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.

2



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters