Current Report Filing (8-k)
November 09 2016 - 4:33PM
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): November 7, 2016
STRATEGIC INTERNET INVESTMENTS, INC.
(Exact name of Registrant as specified in its
charter)
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Delaware
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033-28188
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84-1116458
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(State or other jurisdiction of incorporation or organization)
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Commission File Number
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(I.R.S. Employer Identification No.)
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Jood Palace Hotel
36-A Street Off Al Rigga Road,
Suite 1058
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Deira Dubai P.O. Box 42211
UNITED ARAB EMIRATES
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N/A
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number,
including area code: (971) 50-420-7360
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:
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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 1.02 Termination of a Material
Definitive Agreement.
On November 17, 2016, the Company and the persons
to whom it had issued Secured Convertible Debentures (“Debentures”) agreed to terminate the agreement for the purchase
of PG Proje Geliştirme Gayrimenkul A.S., a special purpose vehicle formed in order to purchase the AkCenter Shopping Center
in Ankara, Turkey (“PG Proje”). As part of this termination, the Debentures that had been issued for the purchase were
canceled by mutual agreement.
Our Chief Executive Officer, Abbas Salih, is
associated with several entities that own shares of PG Proje.
The Company and the other parties to the PG
Proje purchase agreement mutually agreed to terminate the agreement and cancel the Debentures because of a title issue regarding
the AkCenter property and the illiquidity of the Debentures.
Item 8.01 Other Events.
On July 22, 2016, the Company filed a current
report on Form 8-K stating that the purchase of the AkCenter had been closed and that title to the AkCenter had been transferred
to PG Proje. However, title to the property had not been transferred and therefore the acquisition was not closed. Accordingly,
the Company’s filing of the July 22, 2016 Form 8-K stating that the purchase had been closed was in error.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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STRATEGIC INTERNET INVESTMENTS, INC.
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Date: November 9, 2016
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By:
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/s/
Abbas Salih
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Abbas Salih
Chief Executive Officer
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