Current Report Filing (8-k)
May 23 2013 - 6:02AM
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): May
17, 2013 |
|
VISCOUNT SYSTEMS, INC.
|
(Exact name of registrant as specified in its charter)
|
|
000-49746 |
(Commission File Number) |
Nevada |
88-0498181 |
(State or other jurisdiction |
(IRS Employer |
of incorporation or organization) |
Identification No.) |
4585 Tillicum Street, Burnaby, British Columbia,
Canada V5J 5K9 |
(Address of principal executive offices) (Zip Code)
|
|
(604) 327-9446 |
Issuers telephone number |
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 Sale of Equity Securities.
On May 17, 2013, Viscount Systems, Inc. (the Company)
completed a private placement of 4,750,000 units at a price of $0.10 per unit
for total proceeds of $475,000. On May 22, 2013, the Company completed an
additional private placement of 2,000,000 units at a price of $0.10 per unit for
total proceeds of $200,000. Each unit consists of one common share and one-half
of one share purchase warrant of the Company, with each whole warrant
exercisable to acquire an additional share of the Company at a price of $0.20
for a period of three years from the closing date.
In connection with the offerings, the Company paid to a
registered broker-dealer a commission of share purchase warrants to acquire
675,000 shares of common stock of the Company at a price of $0.20 per share for
a period of three years from the closing date. The warrants may be exercised on
a cashless basis.
The securities were sold to accredited investors and to a
registered broker-dealer pursuant to the exemptions from registration under Rule
506 of Regulation D, both promulgated under the United States Securities Act
of 1933.
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.
|
|
|
Viscount Systems, Inc. |
Date |
May 22, 2013 |
|
(Registrant) |
|
|
|
|
|
|
|
|
|
|
|
/s/ Stephen Pineau |
|
|
|
Stephen Pineau, President
|
Viscount Systems (CE) (USOTC:VSYS)
Historical Stock Chart
From May 2024 to Jun 2024
Viscount Systems (CE) (USOTC:VSYS)
Historical Stock Chart
From Jun 2023 to Jun 2024