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| URCO.PK > SEC Filings for URCO.PK > Form 8-K on 22-Jun-2011 | All Recent SEC Filings |
22-Jun-2011
Unregistered Sale of Equity Securities, Financial Statements and Exhibits
On June 17, 2011, we issued 2,000,000 shares of our common stock to an individual in Tennessee pursuant to an Agreement for Conversion of Indebtedness to Common Stock, dated May 30, 2011, entered into with the individual in Tennessee at a price of $0.01 per share resulting in the elimination of $20,000 of indebtedness on our books. We believe that the issuance is exempt from registration pursuant to Section 3(a)(9) and/or Section 4(2) of the Securities Act of 1933, as amended.
In addition, on June 17, 2011, we issued 6,500,000 shares of our common stock to an entity in New York pursuant to an Agreement for Conversion of Indebtedness to Common Stock, dated June 3, 2011, entered into with the entity in New York at a price of $0.01 per share resulting in the elimination of $65,000 of indebtedness on our books. We believe that the issuance is exempt from registration pursuant to Section 3(a)(9) and/or Section 4(2) of the Securities Act of 1933, as amended.
(d) Exhibits
Exhibit No. Description of Exhibit
99.1(1) Form of Agreement for Conversion of Indebtedness to Common Stock
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