Current Report Filing (8-k)
November 03 2017 - 7:01AM
Edgar (US Regulatory)
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 1, 2017
DISCOVERY ENERGY CORP.
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(Exact name of registrant as specified in its Charter
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Nevada
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000-53520
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98-0507846
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(State or other jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number)
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One Riverway Drive, Suite 1700
Houston, Texas 77056
713-840-6495
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(Address and telephone number of principal executive offices, including zip code)
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(Former address if changed since last report)
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Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
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ITEM 1.01
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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On November 1, 2017,
we entered into a consulting agreement (the “
Agreement
”) with Keith D. Spickelmier, the Chairman of our
Board of Directors. The Agreement was made effective retroactively to March 1, 2017 to cover services that Mr. Spickelmier was
providing at that time and would be providing thereafter. Per the Agreement, Mr. Spickelmier is to provide consulting services
relating to our business with respect to which he has expertise, as from time to time may be reasonably requested by our chief
executive officer. The Agreement has a two-year term, commencing on March 1, 2017 and ending on February 28, 2019. For Mr. Spickelmier’s
provision of services, the Agreement requires us to pay to Mr. Spickelmier $125,000 for our fiscal commencing on March 1, 2017
and ending on February 28, 2018 and another $125,000 for our fiscal commencing on March 1, 2018 and ending on February 28, 2019.
The timing of these payments is subject to the reasonable agreement of the parties, barring which each such payment shall be made
on the last day of the related fiscal year. The Agreement contains other terms, provisions and conditions believed to be customary.
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Item 5.02
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Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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The information included in Item 1.01 of
this Report is also incorporated by reference into this Item 5.02 of this Report to the extent necessary.
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ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit
Number
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Exhibit Title
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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DISCOVERY ENERGY CORP.,
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(Registrant)
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Date: November 3, 2017
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By:
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/s/ Keith J. McKenzie
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Keith J. McKenzie,
Chief Executive Officer
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