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PRXG > SEC Filings for PRXG > Form 8-K on 23-Dec-2013All Recent SEC Filings

Show all filings for PERNIX GROUP, INC.



Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securi

Item 1.01 - Entry into a Material Definitive Agreement

On December 19, 2013, Pernix Group, Inc. (the "Company") entered into Preferred Stock Purchase Agreements (the "SPAs") with each of Ernil Continental S.A., BVI ("Ernil") and Halbarad, Ltd., BVI ("Halbarad"). Pursuant to the terms of the SPAs, Ernil and Halbarad have agreed to make investments of $2,750,000 and $2,250,000, respectively, in the Company in the form of 550,000 shares and 450,000 shares, respectively, of Series A Cumulative Convertible Preferred Stock.

The closing of SPAs is subject to customary closing conditions and is scheduled for December 30, 2013.

The description of the SPAs above is qualified in its entirety by reference to the full text of the SPAs filed as Exhibits 16.1 and 16.2, which is incorporated herein by reference.

Item 3.02 - Sale of Unregistered Equity Securities

The information set forth in Item 1.01 above is hereby incorporated by reference in this Item 3.02.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

No. Description of Exhibit
16.1 Preferred Stock Purchase Agreement, dated December 19, 2013, by and between Pernix Group, Inc. and Ernil Continental S.A., BVI
16.2 Preferred Stock Purchase Agreement, dated December 19, 2013, by and between Pernix Group, Inc. and Halbarad, Ltd., BVI

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