Current Report Filing (8-k)
November 23 2016 - 4:12PM
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
17, 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-com mencement
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.
On
November 17, 2016, the Company authorized the issuance of 5,000,000 shares of Series B Preferred Stock, par value $0.001 (the
“Series B Preferred”) to Warren Sheppard in consideration for the $150,000 bonus due to him for closing on Paradise
Gardens pursuant to his employment agreement. The Company filed the Certificate of Designation for the Series B Preferred with
the Secretary of State of Nevada on November 22, 2016. The designations, preferences, limitations, restrictions and relative rights
of the Series B Preferred are as follows: (i) a stated value of $0.03 per share; (ii) each share converts into 5 shares of common
stock; (iii) votes with common stock at 100 to 1; and (iv) in the event of any voluntary or involuntary liquidation, dissolution
or winding up, the holders will be entitled to receive a preferential amount of cash equal to $1.00 per share to be paid out of
the assets available for distribution to our stockholders, before any payment is be made to the holders of common stock.
The
securities were issued under the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and the
rules and regulations promulgated thereunder, including Regulation D.
Item
3.03 Material Modification to Rights of Security Holders.
Reference
is made to the disclosure set forth above under Item 3.02 of this current report, which disclosure is incorporated herein by reference.
Reference is also made to the Certificate of Designation included as Exhibit 4.1 to this current report, the disclosure in which
is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
4.1 – Certificate of Designation dated November 17, 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 23
rd
day of November, 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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