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):
January 9, 2009
ITRONICS INC.
-----------------------------------------------------------------------------------------------------------
Texas
33-18582
75-2198369
(State
or other jurisdiction
(Commission
File
(IRS
Employer
of
incorporation)
Number)
Identification
No.)
6490 So. McCarran Boulevard, Building C, Suite 23 Reno, Nevada
89509
(Address
of Principal Executive Offices)
Zip
Code
Registrants telephone number, including area code:
(775) 689-7696
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):
[ ] 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 Sales of Securities
In November 2008 we issued an aggregate 25,000,000 common shares,
valued at $32,500, to Newport Capital Consultants, Inc. for investor relations services to
be provided.
In November 2008 we issued an aggregate 17,133,334 common shares to
four accredited investors in payment of $25,700 principal on the Series 2000 Convertible
Notes (the "Notes"). These investors agreed to extend Notes totaling $160,000 in
principal and $234,082 in accrued interest and received one year warrants to acquire
16,000,000 common shares at $0.005 per share.
In November 2008 we issued an aggregate 46,666,667 common shares to
three accredited investors upon their investment of $70,000 in the current Private
Placement.
In November 2008 we issued an aggregate 5,333,333 common shares to one
accredited investor in payment of $8,000 principal on the Series 2000 Convertible Notes
(the "Notes"). This investor agreed to extend Notes totaling $50,000 in
principal and $72,087 in accrued interest and received a one year warrant to acquire
5,000,000 common shares at $0.005 per share.
In December 2008 we issued an aggregate 800,000 common shares valued at
$1,200 to Glen and Barbara Gallatin for engineering consulting services previously
provided.
In December 2008 we issued an aggregate 9,920,635 common shares to one
accredited investor upon their investment of $10,000 in the current Private Placement.
In December 2008 we issued an aggregate 5,333,333 common shares to one
accredited investor in payment of $8,000 principal on the Series 2000 Convertible Notes
(the "Notes"). This investor agreed to extend Notes totaling $50,000 in
principal and $72,340 in accrued interest and received a one year warrant to acquire
5,000,000 common shares at $0.005 per share.
In December 2008 we issued an aggregate 10,416,666 common shares to one
employee of the Company upon their investment of $10,000 in the current Private Placement.
In January 2009 we issued an aggregate 53,400,002 common shares to
twenty accredited investors in payment of $80,100 principal on the Series 2000 Convertible
Notes (the "Notes").
In January 2009 we issued an aggregate 17,361,111 common shares to one
accredited investor upon their investment of $20,000 in the current Private Placement.
2
All of the above offerings and sales were deemed to be exempt under
rule 506 of Regulation D and Section 4(2) of the Securities Act of 1933, as amended. No
advertising or general solicitation was employed in offering the securities. The offerings
and sales were made to a limited number of persons, all of whom were accredited investors,
business associates of Itronics Inc. or executive officers of Itronics Inc., and transfer
was restricted by Itronics Inc. in accordance with the requirements of the Securities Act.
In addition to representations by the above-referenced persons, we have made independent
determinations that all of the above-referenced persons were accredited or sophisticated
investors, and that they were capable of analyzing the merits and risks of their
investment, and that they understood the speculative nature of their investment.
Furthermore, all of the above-referenced persons were provided with access to our
Securities and Exchange Commission filings.
In accordance with General Instruction B.2 of Form 8-K, the information
in this Current Report on Form 8-K shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liability of that section, and
shall not be incorporated by reference into any registration statement or other document
filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall
be expressly set forth by specific reference in such filing.
SIGNATURE
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.
ITRONICS INC.
(Registrant)
Date:
January 14, 2009
By:
/S/ John W. Whitney
John
W. Whitney
President,
Treasurer and Director
(Principal
Executive and Financial
Officer)
Itronics (CE) (USOTC:ITRO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Itronics (CE) (USOTC:ITRO)
Historical Stock Chart
From Jul 2023 to Jul 2024