- Current report filing (8-K)
03 March 2009 - 8:21AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
February 24, 2009
KAL
ENERGY, INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
333-97201
|
98-0360062
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
World
Trade Center 14th Floor
Jl.
Jenderal Sudirman Kav. 29-31
Jakarta,
Indonesia
|
12920
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (62) 21 5211110
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act 17 CFR
240.13e-4(c))
Item 1.01 Entry into a Material
Definitive Agreement.
Beginning
on February 24, 2009, KAL Energy, Inc. (the “Company”) entered into a series of
agreements to privately place shares of common stock of the Company, par value
$0.0001 per share, at a purchase price of $0.01 per share, with William Bloking,
the Company’s chairman and CEO, for $140,000 and another investor for gross
proceeds of $240,000. An aggregate of 24 million shares of common stock of
the Company were placed pursuant to this action. The form of the private
placement agreement is attached hereto as Exhibit 99.1 and
is
incorporated
herein
by this reference.
On
February 27, 2009 the Company entered into settlement and release agreements
with a number of individuals including, William Bloking, the Company’s chairman
and CEO, and Andrew Caminschi, the Company’s Chief Financial Officer, regarding
debts owed to those individuals totaling approximately $
265,000.
Messrs. Bloking and Caminschi
settled debts owed them of $
156,000
and
$60,000, respectively. This group of creditors exchanged their outstanding
balances with the Company for common stock of the Company, par value $0.0001 per
share, at a price of $0.012 per share. An aggregate of
approximately 22.1 million
shares of common stock
of the Company was placed pursuant to this action.
Agreements substantially similar to the
form settlement and release
agreement attached hereto as Exhibit
99.2,
and incorporated by this reference herein
, were
used to document these transactions
.
Item
3.02 Unregistered sales of Equity Securities.
The private placement of the Company’s
common stock, pursuant to both actions described above in Item 1.01 and
incorporated by reference herein, occurred in accordance with transactions
exempt from the registration requirements of the Securities Act of 1933, as
amended.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Number
|
|
Description
|
|
|
Form
of Private Placement Agreement for common stock of the Company, par value
$0.0001 per share, at a purchase price of $0.01 per
share.
|
|
|
Form
of Settlement and Release Agreement for common stock of the Company, par
value $0.0001 per share, at a price of $0.012 per
share.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
KAL
ENERGY, INC.
|
|
|
|
|
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March
2, 2009
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By:
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/s/ William
Bloking
|
|
|
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William
Bloking
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|
|
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President
and CEO
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|
EXHIBIT
INDEX
Exhibit
Number
|
|
Description
|
|
|
Form
of Private Placement Agreement for common stock of the Company, par value
$0.0001 per share, at a purchase price of $0.01 per
share.
|
|
|
Form
of Settlement and Release Agreement for common stock of the Company, par
value $0.0001 per share, at a price of $0.012 per
share.
|
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