Current Report Filing (8-k)
May 26 2016 - 5:07PM
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
May 23, 2016
Date of Report (Date of earliest event reported)
Searchlight Minerals Corp.
(Exact name of Registrant as specified in
its charter)
Nevada
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000-30995
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98-0232244
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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2360 W. Horizon Ridge Pkwy., Suite #100,
Henderson, Nevada 89052
(Address of principal executive offices)
(Zip Code)
(702) 939-5247
Registrant’s telephone number, including
area code
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
(
see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Item 3.02 Unregistered Sales of Equity Securities.
Completion of Private Placement
On May 23, 2016, Searchlight Minerals Corp.,
a Nevada corporation (“we,” “us,” “our” or the “Company”), completed a private
placement (the “Offering”) of our securities to 29 accredited investors (the “Investors”). The securities
were issued and sold in reliance on exemptions from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as
amended (the “Securities Act”) and Rule 506 of Regulation D thereunder. In the Offering, we sold 28,251,430 shares
(“Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at a purchase
price of $0.035 per Share, resulting in aggregate gross proceeds to us of $988,800. In connection with the Offering, we entered
into a subscription agreement with each Investor. We intend to use the net proceeds from the Offering for general working capital
purposes.
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
thereunto duly authorized.
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SEARCHLIGHT MINERALS CORP.
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Dated: May 26, 2016
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By:
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/s/ Martin B. Oring
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Martin B. Oring
Chief Executive Officer
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