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MEDIENT STUDIOS, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities

July 21, 2014



Item 3.02 Unregistered Sales of Equity Securities.

On July 16, 2014, Medient Studios, Inc. (the "Company") issued 26,315,789 shares of its common stock upon conversion of $10,000 in principal amount of a note issued by the Company on January 8, 2014, at a conversion price of $0.00038.

The issuance of the foregoing shares of its common stock by the Company was made upon exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The parties receiving the shares are able to bear the investment's economic risk, have access to the type of information normally provided in a prospectus for a registered securities offering, and have agreed not to resell or distribute the securities to the public.


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Source: Edgar Glimpses


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