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MONDIAL VENTURES, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities

August 11, 2014

Item 3.02. Unregistered Sales of Equity Securities

During the period commencing August 6, 2014 through August 8, 2014, the Company issued 136,732,457 common shares to reduce debt on convertible promissory notes and account payable balances in the amount of $8,654. The issued and outstanding common shares of the Company at the beginning of the period commencing August 6, 2014 was 477,129,759 and for the period ending August 8, 2014 the issued and outstanding common shares of the Company was 613,862,216.

The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act") for the private placement of these securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transaction does not involve a public offering, the Investor is an "accredited investor" and/or qualified institutional buyer, the Investor has access to information about the Company and its investment, the Investor will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer of the securities.

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Source: Edgar Glimpses

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