SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

 

FORM 8-K

 

Current Report Pursuant to Section 13 or

15(d) of the Securities Act of 1934

 

Date of Report (Date of earliest event reported):

October 17, 2016

 

FASTFUNDS FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada 000-33053 87-0425514
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number)

 

319 Clematis Street, Ste 400

West Palm Beach, FL 33401

(Address of principal executive offices) (Zip Code)

 

Registrant's telephone number, including area code: (561) 514-9042

 

(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 3.02 Unregistered Sale of Equity Securities.

 

During the period from July 19, 2016 to October 24, 2016, the Company has issued a total of 1,450,960,732 shares of our common stock including: 969,308,133 shares on the conversion of $44,089 in principal and interest, or $0.00004 per share, on convertible promissory notes to unaffiliated note holders; and 373,082,799 shares on the exercise of warrants at an average exercise price of $.000033 per share.

 

We offered and sold the securities in reliance on an exemption from federal registration under Section 4(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder. We relied on this exemption and rule based on the fact that there were a limited number of investors, all of whom were accredited investors and (i) either alone or through a purchaser representative, had knowledge and experience in financial and business matters such that each was capable of evaluating the risks of the investment, and (ii) we had obtained subscription agreements from such investors indicating that they were purchasing for investment purposes only. The securities were not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The disclosure contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, and is made only as permitted by Rule 135c under the Securities Act.

 

 

 

 

 

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.

 

  FASTFUNDS FINANCIAL CORPORATION
   
Date:   October 24, 2016 By:       /s/  Henry Fong           
     Henry Fong, Chief Executive Officer