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
January 30, 2007
Date of Report (Date of earliest event reported)
NORPAC TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
| NEVADA | 000-27147 | 95-4705831 |
| (State or other jurisdiction of | (Commission File | (IRS Employer Identification |
| incorporation) | Number) | No.) |
| Suite 311, 698 Seymour Street | |
| Vancouver, BC | V6B 3K6 |
| (Address of principal executive offices) | (Zip Code) |
(604) 662-3406
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
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 (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)) |
SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
ITEM 1.01 Entry Into A Material Definitive Agreement.
Loan Agreement with Nextdigital
On January 30, 2007, the Company loaned a further $162,000 to Nextdigital. The loan to Nextdigital is for a term of two years, maturing on January 30, 2009, and accrues interest at the rate of 8% per annum. The loan is unsecured.
A copy of the Loan Agreement and Promissory Note have been attached as exhibits to this Current Report on Form 8-K.
This brings the total advance of funds to Nextdigital Corp. to $612,000. The loan to Nextdigital Corp. is to fund its operations and for working capital purposes.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 Financial Statements And Exhibits
(c) Exhibits
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.
| | NORPAC TECHNOLOGIES, INC. |
| | | |
| Date: February 2, 2007 | | |
| | By: | /s/ John P. Thornton |
| | | |
| | | JOHN P. THORNTON |
| | | Chief Executive Officer, Chief Financial Officer |
| | | President, Secretary and Treasurer |
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