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IDEA > SEC Filings for IDEA > Form 8-K on 31-Oct-2012All Recent SEC Filings

Show all filings for INVENT VENTURES, INC.



Unregistered Sale of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities.

On October 25, 2012, INVENT Ventures, INC. (the "Company") entered into a consulting agreement with Overseas Investment Banking Alliance, SA, a Panamanian anonymous society ("OIBASA"). Pursuant to the Agreement, the Company issued OIBASA a warrant to purchase 1,000,000 shares of Company common stock as a retainer for its consulting services (the "OIBASA Warrant"). The OIBASA Warrant has a term of two years, an exercise price of $0.33 per share, includes registration rights and becomes exercisable upon the occurrence of events for which OIBASA is providing consulting services. In issuing the OIBASA Warrant, the Company relied on the exemption from registration set forth in Section 4(2) of the Securities Act of 1933, as amended, based upon the limited nature of the issuance.

The foregoing description of the OIBASA Warrant is qualified in its entirety by reference to the complete text of the OIBASAWarrant, a copy of which is to be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2012.

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