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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549

\ue000
FORM\ue000 8-K
\ue000
CURRENT\ue000 REPORT
Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
February\ue000 17,\ue000 2009
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported)
\ue000
OMNICITY\ue000 CORP.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
Nevada
000-52827
98-0512569
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of
incorporation)
(Commission\ue000 File\ue000 Number)
(IRS\ue000 Employer\ue000 Identification\ue000 No.)
720\ue000 N\ue000 Range\ue000 Line\ue000 Road,\ue000 Carmel,\ue000 Indiana,\ue000 USA
\ue000
46032
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
\ue000
(Zip\ue000 Code)
(317)\ue000 818-0023
Registrant's\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code
280\ue000 Nelson\ue000 Street,\ue000 Suite\ue000 253,\ue000 Vancouver,\ue000 British\ue000 Columbia,\ue000 Canada,\ue000 V6B\ue000 2E2
(Former\ue000 name\ue000 or\ue000 former\ue000 address,\ue000 if\ue000 changed\ue000 since\ue000 last\ue000 report)
\ue000
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of\ue000 the
following\ue000 provisions:
[\ue000\ue000\ue000\ue000\ue000 ]
Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 (17\ue000 CFR\ue000 230.425)
[\ue000\ue000\ue000\ue000\ue000 ]
Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14a-12)
[\ue000\ue000\ue000\ue000\ue000 ]
Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17
CFR\ue000 240.14d-2(b))
[\ue000\ue000\ue000\ue000\ue000 ]
Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17
CFR\ue000 240.13e-4(c))
FORWARD-LOOKING\ue000 STATEMENTS
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This\ue000 Current\ue000 Report\ue000 on\ue000 Form\ue000 8-K\ue000 (the\ue000 "Current\ue000 Report")\ue000 contains\ue000 forward-looking\ue000 statements\ue000 that\ue000 involve\ue000 risks\ue000 and uncertainties.\ue000 Forward-looking\ue000 statements\ue000 in\ue000 this\ue000 document\ue000 include,\ue000 among\ue000 others,\ue000 statements\ue000 regarding\ue000 our\ue000 capital\ue000 needs, business\ue000 plans\ue000 and\ue000 expectations.\ue000 Such\ue000 forward-looking\ue000 statements\ue000 involve\ue000 assumptions,\ue000 risks\ue000 and\ue000 uncertainties\ue000 regarding, among\ue000 others,\ue000 the\ue000 success\ue000 of\ue000 our\ue000 business\ue000 plan,\ue000 availability\ue000 of\ue000 funds,\ue000 government\ue000 regulations,\ue000 operating\ue000 costs,\ue000 our\ue000 ability\ue000 to achieve\ue000 significant\ue000 revenues,\ue000 our\ue000 business\ue000 model\ue000 and\ue000 products\ue000 and\ue000 other\ue000 factors.\ue000 Any\ue000 statements\ue000 contained\ue000 herein\ue000 that\ue000 are\ue000 not statements\ue000 of\ue000 historical\ue000 fact\ue000 may\ue000 be\ue000 deemed\ue000 to\ue000 be\ue000 forward-looking\ue000 statements.\ue000 In\ue000 some\ue000 cases,\ue000 you\ue000 can\ue000 identify\ue000 forward- looking\ue000 statements\ue000 by\ue000 terminology\ue000 such\ue000 as\ue000 "may",\ue000 "will",\ue000 "should",\ue000 "expect",\ue000 "plan",\ue000 "intend",\ue000 "anticipate",\ue000 "believe",\ue000 "estimate", "predict",\ue000 "potential"\ue000 or\ue000 "continue",\ue000 the\ue000 negative\ue000 of\ue000 such\ue000 terms\ue000 or\ue000 other\ue000 comparable\ue000 terminology.\ue000 In\ue000 evaluating\ue000 these\ue000 statements, you\ue000 sh\ue000 ould\ue000 consider\ue000 various\ue000 factors,\ue000 including\ue000 the\ue000 assumptions,\ue000 risks\ue000 and\ue000 uncertainties\ue000 set\ue000 forth\ue000 in\ue000 reports\ue000 and\ue000 other documents\ue000 we\ue000 have\ue000 filed\ue000 with\ue000 or\ue000 furnished\ue000 to\ue000 the\ue000 Securities\ue000 and\ue000 Exchange\ue000 Commission\ue000 (the\ue000 "SEC").\ue000 These\ue000 factors\ue000 or\ue000 any\ue000 of them\ue000 may\ue000 cause\ue000 our\ue000 actual\ue000 results\ue000 to\ue000 differ\ue000 materially\ue000 from\ue000 any\ue000 forward-looking\ue000 statement\ue000 made\ue000 in\ue000 this\ue000 document.\ue000 While\ue000 these forward-looking\ue000 statements,\ue000 and\ue000 any\ue000 assumptions\ue000 upon\ue000 which\ue000 they\ue000 are\ue000 based,\ue000 are\ue000 made\ue000 in\ue000 good\ue000 faith\ue000 and\ue000 reflect\ue000 our\ue000 current

j

udgment\ue000 regarding\ue000 future\ue000 events,\ue000 our\ue000 actual\ue000 results\ue000 will\ue000 likely\ue000 vary,\ue000 sometimes\ue000 materially,\ue000 from\ue000 any\ue000 estimates,\ue000 predictions, projections,\ue000 assumptions\ue000 or\ue000 other\ue000 future\ue000 performance\ue000 suggested\ue000 herein.\ue000 The\ue000 forward-looking\ue000 statements\ue000 in\ue000 this\ue000 document\ue000 are made\ue000 as\ue000 of\ue000 the\ue000 date\ue000 of\ue000 this\ue000 document\ue000 and\ue000 we\ue000 do\ue000 not\ue000 intend\ue000 or\ue000 undertake\ue000 to\ue000 update\ue000 any\ue000 of\ue000 the\ue000 forward-looking\ue000 statements\ue000 to conform\ue000 these\ue000 statements\ue000 to\ue000 actual\ue000 results,\ue000 except\ue000 as\ue000 required\ue000 by\ue000 applicable\ue000 law,\ue000 including\ue000 the\ue000 securities\ue000 laws\ue000 of\ue000 the\ue000 United States.

\ue000
\ue000
\ue000
\ue000
-\ue000 2\ue000 -
SECTION\ue000 2\ue000 -\ue000 FINANCIAL\ue000 INFORMATION
Item\ue000 2.01\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Completion\ue000 of\ue000 Acquisition\ue000 or\ue000 Disposition\ue000 of\ue000 Assets.

As\ue000 used\ue000 in\ue000 this\ue000 Current\ue000 Report:\ue000 (i)\ue000 the\ue000 terms\ue000 "Company",\ue000 "our\ue000 company",\ue000 "we",\ue000 "us"\ue000 and\ue000 "our"\ue000 refer\ue000 to\ue000 Omnicity\ue000 Corp.,\ue000 a Nevada\ue000 corporation,\ue000 and\ue000 its\ue000 subsidiaries,\ue000 unless\ue000 the\ue000 context\ue000 requires\ue000 otherwise;\ue000 (ii)\ue000 references\ue000 to\ue000 "Omnicity\ue000 Indiana"\ue000 mean Omnicity,\ue000 Incorporated,\ue000 an\ue000 Indiana\ue000 corporation;\ue000 and\ue000 (iii)\ue000 all\ue000 amounts\ue000 are\ue000 presented\ue000 in\ue000 US\ue000 dollars\ue000 unless\ue000 otherwise\ue000 specified.

General

We\ue000 were\ue000 incorporated\ue000 under\ue000 the\ue000 laws\ue000 of\ue000 the\ue000 State\ue000 of\ue000 Nevada\ue000 on\ue000 October\ue000 12,\ue000 2006\ue000 under\ue000 the\ue000 name\ue000 "Bear\ue000 River\ue000 Resources Inc.".\ue000 On\ue000 October\ue000 21,\ue000 2008,\ue000 we\ue000 effected\ue000 a\ue000 forward\ue000 split\ue000 of\ue000 our\ue000 shares\ue000 of\ue000 common\ue000 stock\ue000 on\ue000 the\ue000 basis\ue000 of\ue000 7.7\ue000 new\ue000 shares\ue000 of\ue000 our common\ue000 stock\ue000 for\ue000 each\ue000 one\ue000 share\ue000 of\ue000 common\ue000 stock\ue000 outstanding\ue000 on\ue000 that\ue000 date\ue000 and\ue000 increased\ue000 our\ue000 authorized\ue000 share\ue000 capital\ue000 from 200,000,000\ue000 shares\ue000 of\ue000 common\ue000 stock\ue000 to\ue000 1,540,000,000\ue000 shares\ue000 of\ue000 common\ue000 stock.\ue000 Also\ue000 on\ue000 October\ue000 21,\ue000 2008,\ue000 in contemplation\ue000 of\ue000 the\ue000 acquisition\ue000 of\ue000 Omnicity\ue000 Indiana,\ue000 we\ue000 merged\ue000 with\ue000 our\ue000 wholly-owned\ue000 subsidiary\ue000 incorporated\ue000 under\ue000 the laws\ue000 of\ue000 the\ue000 State\ue000 of\ue000 Nevada,\ue000 and\ue000 changed\ue000 our\ue000 name\ue000 to\ue000 "Omnicity\ue000 Corp.".

Our\ue000 Prior\ue000 Business

Up\ue000 to\ue000 July\ue000 29,\ue000 2008,\ue000 we\ue000 were\ue000 an\ue000 exploration\ue000 stage\ue000 company\ue000 engaged\ue000 in\ue000 the\ue000 acquisition\ue000 and\ue000 exploration\ue000 of\ue000 mineral\ue000 properties. On\ue000 November\ue000 22,\ue000 2006,\ue000 we\ue000 acquired\ue000 a\ue000 100%\ue000 interest\ue000 in\ue000 the\ue000 Redoubt\ue000 1\ue000 and\ue000 Redoubt\ue000 2\ue000 mineral\ue000 claims\ue000 (the\ue000 "Property"\ue000 or "Claims")\ue000 covering\ue000 approximately\ue000 1,000\ue000 hectares\ue000 located\ue000 in\ue000 the\ue000 Stewart\ue000 Mining\ue000 Division\ue000 in\ue000 the\ue000 Province\ue000 of\ue000 British\ue000 Columbia, Canada,\ue000 from\ue000 Silver\ue000 Grail\ue000 Resources\ue000 Ltd.\ue000 and\ue000 Teuton\ue000 Resources\ue000 Corp.\ue000 in\ue000 consideration\ue000 for\ue000 CDN$10,000.\ue000 The\ue000 claims\ue000 were registered\ue000 in\ue000 the\ue000 name\ue000 of\ue000 the\ue000 Company\ue000 on\ue000 August\ue000 16,\ue000 2007.\ue000 The\ue000 cost\ue000 of\ue000 the\ue000 mineral\ue000 property,\ue000 a\ue000 property\ue000 report\ue000 and assessment\ue000 work\ue000 was\ue000 initially\ue000 capitalized.\ue000 For\ue000 the\ue000 year\ue000 ended\ue000 June\ue000 30,\ue000 2008,\ue000 the\ue000 Company\ue000 recognized\ue000 an\ue000 impairment\ue000 loss\ue000 of $15,787,\ue000 as\ue000 the\ue000 Company\ue000 had\ue000 not\ue000 yet\ue000 determined\ue000 whether\ue000 the\ue000 claims\ue000 had\ue000 proven\ue000 or\ue000 probable\ue000 reserves\ue000 on\ue000 the\ue000 property.\ue000 On October\ue000 15,\ue000 2007,\ue000 the\ue000 Company\ue000 advanced\ue000 CDN$15,000\ue000 to\ue000 its\ue000 geologist\ue000 to\ue000 conduct\ue000 an\ue000 exploratory\ue000 work\ue000 program\ue000 on\ue000 the

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claims,\ue000 which\ue000 was\ue000 conducted\ue000 in\ue000 November,\ue000 2007.\ue000 The\ue000 Co\ue000 mpany\ue000 received\ue000 a\ue000 geologist\ue000 report\ue000 on\ue000 February\ue000 6,\ue000 2008,\ue000 the\ue000 results of\ue000 which\ue000 were\ue000 not\ue000 as\ue000 expected,\ue000 and\ue000 the\ue000 Company\ue000 re-evaluated\ue000 proceeding\ue000 with\ue000 a\ue000 Phase\ue000 2\ue000 work\ue000 program,\ue000 which\ue000 would\ue000 cost CDN$15,000.\ue000 Given\ue000 the\ue000 prospects,\ue000 management\ue000 determined\ue000 to\ue000 allow\ue000 the\ue000 claims\ue000 to\ue000 lapse\ue000 on\ue000 July\ue000 29,\ue000 2008.

Please\ue000 see\ue000 our\ue000 annual\ue000 report\ue000 on\ue000 Form\ue000 10-KSB\ue000 for\ue000 the\ue000 year\ue000 ended\ue000 June\ue000 30,\ue000 2008\ue000 for\ue000 more\ue000 information\ue000 relating\ue000 to\ue000 our\ue000 business
prior\ue000 to\ue000 the\ue000 acquisition\ue000 of\ue000 Omnicity\ue000 Indiana.
The\ue000 Omnicity\ue000 Indiana\ue000 Acquisition

On\ue000 February\ue000 16,\ue000 2009,\ue000 we\ue000 closed\ue000 the\ue000 acquisition\ue000 (the\ue000 "Acquisition")\ue000 of\ue000 Omnicity\ue000 Indiana,\ue000 effected\ue000 by\ue000 way\ue000 of\ue000 merger\ue000 pursuant to\ue000 an\ue000 Agreement\ue000 and\ue000 Plan\ue000 of\ue000 Merger\ue000 (the\ue000 "Agreement"),\ue000 dated\ue000 December\ue000 29,\ue000 2008,\ue000 among\ue000 Omnicity\ue000 Corp.,\ue000 Omnicity Indiana,\ue000 and\ue000 MergerSub,\ue000 our\ue000 wholly-owned\ue000 subsidiary\ue000 incorporated\ue000 under\ue000 the\ue000 laws\ue000 of\ue000 the\ue000 State\ue000 of\ue000 Indiana\ue000 in\ue000 connection\ue000 with the\ue000 Acquisition\ue000 ("MergerSub").\ue000 The\ue000 merger\ue000 was\ue000 effective\ue000 on\ue000 February\ue000 17,\ue000 2009\ue000 and\ue000 time\ue000 at\ue000 which\ue000 the\ue000 merger\ue000 became effective\ue000 is\ue000 referred\ue000 to\ue000 herein\ue000 as\ue000 the\ue000 "Effective\ue000 Time".\ue000 At\ue000 the\ue000 Effective\ue000 Time,\ue000 MergerSub\ue000 merged\ue000 with\ue000 and\ue000 into\ue000 Omnicity Indiana,\ue000 pursuant\ue000 to\ue000 which\ue000 the\ue000 identity\ue000 and\ue000 separate\ue000 corporate\ue000 existence\ue000 of\ue000 MergerSub\ue000 ceased\ue000 and\ue000 Omnicity\ue000 Indiana\ue000 became the\ue000 surviving\ue000 corporation\ue000 in\ue000 the\ue000 merger\ue000 (the\ue000 "Surviving\ue000 Corporation")\ue000 and\ue000 a\ue000 wholly-owned\ue000 subsidiary\ue000 of\ue000 the\ue000 Company.

-\ue000 3\ue000 -

Omnicity\ue000 Indiana\ue000 convened\ue000 a\ue000 special\ue000 meeting\ue000 of\ue000 its\ue000 shareholders\ue000 on\ue000 January\ue000 17,\ue000 2009\ue000 to\ue000 obtain\ue000 approval\ue000 of\ue000 the\ue000 adoption\ue000 of the\ue000 Agreement,\ue000 the\ue000 Acquisition\ue000 and\ue000 all\ue000 other\ue000 transactions\ue000 contemplated\ue000 thereby\ue000 (the\ue000 "Special\ue000 Meeting").\ue000 At\ue000 the\ue000 Special Meeting,\ue000 Omnicity\ue000 Indiana\ue000 obtained\ue000 the\ue000 required\ue000 approvals\ue000 of\ue000 the\ue000 holders\ue000 of\ue000 a\ue000 majority\ue000 of\ue000 its\ue000 common\ue000 shares.

Under\ue000 the\ue000 terms\ue000 of\ue000 the\ue000 Agreement,\ue000 at\ue000 closing,\ue000 (i)\ue000 all\ue000 of\ue000 the\ue000 issued\ue000 and\ue000 outstanding\ue000 Omnicity\ue000 Indiana\ue000 shares,\ue000 totaling\ue000 8,256,240, were\ue000 converted\ue000 and\ue000 exchanged\ue000 for\ue000 23,000,000\ue000 shares\ue000 of\ue000 the\ue000 Company,\ue000 or\ue000 2.7858\ue000 common\ue000 shares\ue000 of\ue000 the\ue000 Company\ue000 for\ue000 each Omnicity\ue000 Indiana\ue000 share\ue000 held;\ue000 each\ue000 common\ue000 share\ue000 issued\ue000 had\ue000 a\ue000 deemed\ue000 fair\ue000 value\ue000 of\ue000 $0.35\ue000 per\ue000 share,\ue000 in\ue000 accordance\ue000 with\ue000 the procedures\ue000 set\ue000 out\ue000 in\ue000 the\ue000 Agreement,\ue000 (ii)\ue000 each\ue000 share\ue000 of\ue000 Omnicity\ue000 Indiana\ue000 issued\ue000 and\ue000 outstanding\ue000 immediately\ue000 prior\ue000 to\ue000 the Effective\ue000 Time\ue000 and\ue000 owned\ue000 by\ue000 Omnicity\ue000 Corp.\ue000 or\ue000 MergerSub\ue000 was\ue000 cancelled\ue000 and\ue000 extinguished\ue000 without\ue000 any\ue000 conversion\ue000 thereof and\ue000 no\ue000 payment\ue000 was\ue000 made\ue000 with\ue000 respect\ue000 thereto,\ue000 and\ue000 (iii)\ue000 all\ue000 issued\ue000 and\ue000 outstanding\ue000 shares\ue000 of\ue000 common\ue000 stock\ue000 of\ue000 MergerSub held\ue000 by\ue000 Omnicity\ue000 Corp.\ue000 immediately\ue000 prior\ue000 to\ue000 the\ue000 Effective\ue000 Time\ue000 were\ue000 converted\ue000 into\ue000 and\ue000 became\ue000 one\ue000 validly\ue000 issued,\ue000 fully\ue000 paid and\ue000 non-assessable\ue000 share\ue000 of\ue000 common\ue000 stock\ue000 of\ue000 Omnicity\ue000 Indiana.

Pursuant\ue000 to\ue000 the\ue000 terms\ue000 of\ue000 the\ue000 Agreement\ue000 on\ue000 and\ue000 after\ue000 the\ue000 Effective\ue000 Time,\ue000 (i)\ue000 until\ue000 surrendered\ue000 for\ue000 exchange,\ue000 each\ue000 outstanding share\ue000 certificate\ue000 representing\ue000 shares\ue000 of\ue000 Omnicity\ue000 Indiana's\ue000 common\ue000 stock\ue000 (except\ue000 for\ue000 shares\ue000 cancelled\ue000 pursuant\ue000 to\ue000 the provisions\ue000 of\ue000 the\ue000 Agreement)\ue000 are\ue000 deemed\ue000 to\ue000 evidence\ue000 ownership\ue000 of\ue000 and\ue000 represent\ue000 the\ue000 number\ue000 of\ue000 shares\ue000 of\ue000 the\ue000 Company\ue000 into which\ue000 such\ue000 Omnicity\ue000 Indiana\ue000 common\ue000 shares\ue000 shall\ue000 convert\ue000 pursuant\ue000 to\ue000 the\ue000 Agreement,\ue000 and\ue000 (ii)\ue000 each\ue000 holder\ue000 of\ue000 such\ue000 outstanding certificates\ue000 representing\ue000 shares\ue000 of\ue000 Omnicity\ue000 Indiana's\ue000 common\ue000 stock\ue000 are\ue000 entitled\ue000 to\ue000 vote\ue000 on\ue000 any\ue000 matters\ue000 on\ue000 which\ue000 the\ue000 holders of\ue000 record\ue000 of\ue000 the\ue000 Company's\ue000 common\ue000 shares\ue000 having\ue000 voting\ue000 rights\ue000 are\ue000 entitled\ue000 to\ue000 vote.

At\ue000 closing,\ue000 (i)\ue000 all\ue000 the\ue000 property,\ue000 rights,\ue000 privileges,\ue000 powers\ue000 and\ue000 franchises\ue000 of\ue000 Omnicity\ue000 Indiana\ue000 and\ue000 MergerSub\ue000 vested\ue000 in\ue000 the Surviving\ue000 Corporation,\ue000 and\ue000 all\ue000 debts,\ue000 liabilities\ue000 and\ue000 duties\ue000 of\ue000 Omnicity\ue000 Indiana\ue000 and\ue000 MergerSub\ue000 became\ue000 the\ue000 debts,\ue000 liabilities\ue000 and duties\ue000 of\ue000 the\ue000 Surviving\ue000 Corporation,\ue000 (ii)\ue000 the\ue000 articles\ue000 of\ue000 incorporation\ue000 of\ue000 MergerSub\ue000 became\ue000 the\ue000 articles\ue000 of\ue000 incorporation\ue000 of\ue000 the Surviving\ue000 Corporation,\ue000 (iii)\ue000 the\ue000 bylaws\ue000 of\ue000 MergerSub\ue000 became\ue000 the\ue000 bylaws\ue000 of\ue000 the\ue000 Surviving\ue000 Corporation,\ue000 and\ue000 (v)\ue000 the\ue000 name\ue000 of\ue000 the Surviving\ue000 Corporation\ue000 became\ue000 "Omnicity,\ue000 Incorporated".

The\ue000 Company\ue000 is\ue000 in\ue000 the\ue000 process\ue000 of\ue000 raising\ue000 approximately\ue000 US$315,000\ue000 by\ue000 way\ue000 of\ue000 a\ue000 private\ue000 placement\ue000 of\ue000 units\ue000 of\ue000 the\ue000 Company at\ue000 a\ue000 price\ue000 of\ue000 $0.35\ue000 per\ue000 unit\ue000 (the\ue000 "Private\ue000 Placement").\ue000 In\ue000 addition,\ue000 prior\ue000 to\ue000 closing,\ue000 certain\ue000 investors\ue000 (the\ue000 "Company\ue000 Creditors") acquired\ue000 convertible\ue000 debentures\ue000 directly\ue000 from\ue000 Omnicity\ue000 Indiana\ue000 in\ue000 the\ue000 amount\ue000 of\ue000 US$60,000.\ue000 Under\ue000 the\ue000 terms\ue000 of\ue000 a\ue000 debt conversion\ue000 agreement\ue000 to\ue000 be\ue000 entered\ue000 into\ue000 with\ue000 the\ue000 Company\ue000 Creditors,\ue000 all\ue000 amounts\ue000 owing\ue000 to\ue000 the\ue000 Company\ue000 Creditors\ue000 will\ue000 be converted\ue000 to\ue000 units\ue000 of\ue000 the\ue000 Company\ue000 having\ue000 the\ue000 same\ue000 terms\ue000 as\ue000 the\ue000 units\ue000 issued\ue000 under\ue000 the\ue000 Private\ue000 Placement.\ue000 Each\ue000 unit\ue000 will consist\ue000 of\ue000 one\ue000 common\ue000 share\ue000 of\ue000 the\ue000 Company\ue000 and\ue000 one-half\ue000 of\ue000 one\ue000 non-transferable\ue000 share\ue000 purchase\ue000 warrant.\ue000 Each\ue000 whole warrant\ue000 will\ue000 be\ue000 exercisable\ue000 for\ue000 one\ue000 common\ue000 share\ue000 of\ue000 the\ue000 Company\ue000 at\ue000 a\ue000 price\ue000 of\ue000 $0.50\ue000 per\ue000 share\ue000 for\ue000 a\ue000 period\ue000 of\ue000 two\ue000 years from\ue000 the\ue000 date\ue000 of\ue000 issuance.

Following\ue000 the\ue000 closing,\ue000 but\ue000 prior\ue000 to\ue000 issuing\ue000 securities\ue000 to\ue000 the\ue000 vendors\ue000 in\ue000 the\ue000 asset\ue000 acquisitions\ue000 discussed\ue000 under\ue000 "Recent\ue000 Events"
and\ue000 under\ue000 the\ue000 Private\ue000 Placement\ue000 and\ue000 debt\ue000 conversions\ue000 when\ue000 closed\ue000 subsequently,\ue000 Omnicity\ue000 Corp.\ue000 shareholders\ue000 owned
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