Current Report Filing (8-k)
February 10 2016 - 5:18PM
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
4, 2016
Pershing Gold Corporation
(exact name of registrant as specified in
its charter)
Nevada |
|
000-54710 |
|
26-0657736 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
1658 Cole Boulevard
Building 6 – Suite 210
Lakewood, Colorado |
|
80401 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (720) 974-7248
|
(Former name or former address, if changed since last report) |
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:
| ¨ | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | 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
Subscription Agreement and Registration Rights Agreement
On February 4, 2016,
Pershing Gold Corporation (the “Company”) issued 367,467 shares (the “Shares”) of the Company’s
common stock, par value $0.0001 per share (“Common Stock”). The gross proceeds for this issuance totaled approximately
$1.25 million.
The Shares were issued
pursuant to subscription agreements (each, a “Subscription Agreement”) entered into on February 4, 2016 between
the Company and two accredited investors affiliated with Barry Honig, one of the Company’s directors. The Subscription
Agreements contain customary terms and conditions including, among other things, terms of the subscription and investor representations
and warranties.
In connection with
the purchase of Common Stock, the Company and the investors entered into a registration rights agreement dated February
4, 2016 (the “Registration Rights Agreement”), which requires the Company, on or before March 24, 2016,
to file a registration statement under the Securities Act of 1933, as amended (the “Securities Act”), to register
the resale of the Shares. The Registration Rights Agreement also contains piggyback registration rights requiring
the Company to include the Shares under certain circumstances in future registration statements that may be filed by the Company.
Item 3.02 Unregistered
Sales of Equity Securities
The information provided in Item 1.01
is incorporated herein by reference.
The sale of Common Stock to Mr. Honig is
exempt from registration pursuant to Section 4(a)(2) of the Securities Act, as a transaction by an issuer not involving a public
offering.
SIGNATURE
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.
Date: February 10, 2016
|
PERSHING GOLD CORPORATION |
|
|
|
|
|
|
By: |
/s/ Eric Alexander |
|
|
Eric Alexander |
|
|
Vice President Finance and Controller |
Pershing Gold Corporation (NASDAQ:PGLC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pershing Gold Corporation (NASDAQ:PGLC)
Historical Stock Chart
From Apr 2023 to Apr 2024