Summary of SEARCHLIGHT MINERALS CORP.

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SRCH.OB > SEC Filings for SRCH.OB > Form 8-K on 2-Jul-2008

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Form 8-K for SEARCHLIGHT MINERALS CORP.

2-Jul-2008

Unregistered Sale of Equity Securities

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On June 25, 2008, the Company issued 1,400,000 shares of common stock to the Searchlight claim owners in connection with the option agreements dated February 8, 2005 with the Searchlight claim owners. This issuance represented the final installment of shares issuable to the Searchlight claim owners under the option agreements. The shares were issued pursuant to Section 4(2) of the Securities Act.

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