SPRN Supernova Energy Inc (CE)

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):  June 28, 2014

 

Supernova Energy, Inc.

 

(Exact name of registrant as specified in its charter)

  

Nevada	333-165373	98-0628594
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

  

	153 W. Lake Mead  Pkwy., Ste 2240 Henderson NV 89015	89074
	(Address of principal executive offices)	(Zip Code)
	Registrant’s telephone number, including area code:	(702) 839-4029

                                                                   

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:

 

[ ] Written communications pursuant to Rule 425 under the Securities Act

 

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

Item 5.01 Changes in Control of Registrant.

 

On June 28, 2014, I-Quest, Inc. the majority shareholder of the corporation entered into a Stock Purchase Agreement with Wexford Industries, LTD. under which I-Quest, Inc. agreed to sell its 475,000 Preferred shares (convertible to 47,500,000 common shares and with equivalent voting rights) for One Hundred Fifteen Thousand Dollars within 90 days of the execution of the agreement.

 

Exhibits

 

No.	Exhibits
99	Stock Purchase Agreement

       

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly cause this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated July 9, 2014

 

Supernova Energy, Inc.
By:        /s/ Peter Hewitt
Peter Hewitt, President

                                                                                                                                                                                                             

EXHIBIT INDEX

 

No.	Exhibits
99	Stock Purchase Agreement

  

    

  

Stock Purchase Agreement

 

This Stock Purchase Agreement (the “Agreement”) is entered this 28th day of June 2014 (“Effective Date”), by and between:

 

I-Quest, Inc.

7230 Indian Creek Ln. Ste 201

Las Vegas, NV 89149

 

“Seller”, and

 

Wexford Industries LTD

Suite 13, First Floor, Oliaji

Trade Center, Francis Rachel Street

Victoria, Mahe Seychelles

 

“Purchaser”, with reference to the following:

 

 

RECITALS

 

The Purchaser desires to purchase a block of preferred shares of Supernova Energy Inc., Inc., a U.S. issuer, ticker symbol SNPR (“SNPR”), and Seller is therefore willing to enter into a Stock Purchase Agreement with Purchaser upon the terms and conditions set forth herein.

 

Now therefore, in consideration of the foregoing, of the mutual promises herein set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.)

Stock Sale: Seller will transfer Four Hundred Seventy Five Thousand (475,000) registered preferred shares of SNPR to the Purchaser on the date hereof. Upon receipt of the aforementioned shares the Purchaser shall promptly wire transfer the purchase price as specified below. The shares transferred under this paragraph will be duly authorized, validly issued and outstanding, fully paid and non-assessable and will not be subject to any liens or encumbrances.

 

2.)

Purchase Price: The Purchaser will pay by wire transfer to the account of I-Quest, Inc. One Hundred Fifteen Thousand ($115,000) the sum which will represent the full payment for Four Hundred Seventy Five (475,000) shares of SNPR preferred stock. Alternatively the Purchaser may pay by Cashiers check or certified bank check.

 

3.) Miscellaneous. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision and no waiver shall constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by all parties. This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or negotiations. 

 

3.)

Representation. Seller makes no representation of any nature regarding the shares being sold except as to ownership and authority to convey. Buyer has made its own investigation of the shares, the Company and is a sophisticated investor, capable of assuming the risk associated with the small “penny stock” company and the possibility of losing the entire investment. Seller shall deliver the shares being purchased to the Purchaser within 3 business days of receipt of funds properly endorsed as provided by the Purchaser.

 

 

 

Seller:

Purchaser: Wexford Industries LTD

 

 

 

By:____/s/ Fortunato Villamagna_

By: /s/ Josephine Agotilla