Current Report Filing (8-k)
December 11 2018 - 2:40PM
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)
December 7, 2018
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LEXARIA BIOSCIENCE CORP.
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(Exact name of registrant as specified in its charter)
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Nevada
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000-52138
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20-2000871
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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156 Valleyview Road, Kelowna, BC Canada
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V1X 3M4
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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
(250) 765-6424
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N/A
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(Former name or 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 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))
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
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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 3.02
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Unregistered Sales of Equity Securities
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On December 7, 2018, Lexaria announced that pursuant to existing stock option plans, it has granted stock options to a new employee that enable the option holders to purchase up to 240,000 stock options with an exercise price of US$1.06, that will vest as to 80,000 per year until April 15, 2021.
Lexaria also announced it has received US$110,000 from the exercise of warrants previously granted. The Company has received for exercise a total of 250,000 warrants with an exercise price of US$0.44, previously granted. The warrant exercises are by third parties who are neither an officer nor a director of the Company.
No commissions or placement fees have been paid related to the funds received from these warrants exercised. Proceeds will be used for general corporate purposes.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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Item 7.01
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Regulation FD Disclosure
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A copy of the news release announcing that Lexaria has awarded stock options to a newly hired employee and received US$110,000 for the exercise of warrants previously granted is filed as exhibit 99.1 to this current report and is hereby incorporated by reference.
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Item 9.01
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Financial Statements and Exhibits
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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.
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LEXARIA BIOSCIENCE CORP.
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/s/ Chris Bunka
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Chris Bunka
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CEO, Principal Executive Officer
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Date: December 11, 2018