Current Report Filing (8-k)
October 12 2016 - 6:16AM
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
)
September
30, 2016
Kibush
Capital Corp.
(Exact
name of registrant as specified in its charter)
NEVADA
(State
or other jurisdiction of incorporation)
000-55256
(Commission
File No.)
c/o
McGee Law Firm, LLC
5635
N. Scottsdale Road, Suite 170
Scottsdale,
Arizona 85250
(Address
of principal executive offices and Zip Code)
+(61)
3 9846 4288
(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
1.01 Entry into a Material Definitive Agreement.
On
September 30, 2016, Aqua Mining Ltd., a subsidiary of Kibush Capital Corporation (the “Company”) and the owners of
Paradise Gardens Development (PNG) Ltd of Papua New Guinea, Diract Pty Ltd as Trustee for Diract PNG Trust (the “Seller”),
entered into a Settlement Agreement (the “Agreement”) finalizing over a year of negotiation regarding a draft Share
Sale Agreement to acquire Paradise Gardens Development (PNG) Ltd (“Paradise Gardens”). Paradise Gardens is engaged
in the business of logging and timber processing, but the Company has been serving as the management company for Paradise Gardens
pursuant to a Management Agreement dated June 11, 2015. The purchase price to acquire 100% of the outstanding shares of the Paradise
Gardens is AUS $26,250 ($19,687.50 USD) (the “Purchase Price”). The assets of Paradise Gardens include logging equipment,
processing equipment, a lease, and other tangible and intangible property. The foregoing description of the Agreement contained
herein is a summary of the material terms, does not purport to be complete, and is qualified in its entirety by reference to the
Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item
2.01 Completion of Acquisition or Disposition of Assets.
On
September 30, 2016, (the “Closing Date”), Aqua Mining Ltd., a subsidiary of the Company, completed its acquisition
of Paradise Gardens pursuant to the Agreement disclosed in Section 1.01 above. The Company paid AUS $26,250 ($19,687.50 USD) to
the Sellers to acquire 100% of the outstanding shares of the Paradise Gardens. The Purchase Price was funded through existing
cash on hand including sums from prior loan proceeds.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
10.01 - Settlement Agreement dated September 30, 2016
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.
Dated
this 12
th
day of October, 2016.
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KIBUSH
CAPITAL CORP.
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BY:
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/s/
Warren Sheppard
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Warren
Sheppard, President
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