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Quotes & Info
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| SUNV.OB > SEC Filings for SUNV.OB > Form 8-K on 16-Oct-2009 | All Recent SEC Filings |
16-Oct-2009
Unregistered Sale of Equity Securities
On October 13, 2009, 14 investors purchased an aggregate of 20,000,000 shares of common stock at $0.5 per share for an aggregate purchase price of $1,000,000 from Sunovia Energy Technologies, Inc. (the "Company"). Additionally, on October 15, 2009, one accredited investor purchased an aggregate of 1,750,000 shares of common stock at $.06 per share for an aggregate purchase price of $105,000 from the Company.
The shares of common stock were offered and sold to the investors in private placement transactions made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 and/or Rule 506 promulgated thereunder as the Company did not sell to in excess of 35 unaccredited investors.
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