[1] Based upon the mean between the closing bid and ask prices for common shares on March 31, 2003, in accordance with Rule 457(c).
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT.
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents are incorporated by reference into this Registration Statement, and made apart hereof:
(a) The registrant's annual report on Form 10-KSB, for the fiscal year ended June 30, 2002.
(b) All other reports filed pursuant to section 13(a) of the Securities Act since the end of the fiscal year covered by the registrant document referred to in (a) above.
ITEM 4. DESCRIPTION OF SECURITIES.
Common Stock.
Our authorized capital consists of 100,000,000 shares of $0.00001 par value common stock.
As of March 31, 2003, 25,223,960 shares of common stock are issued and outstanding. 5,000,000 shares are restricted securities as that term is defined in Reg. 144 of the Securities Act of 1933, as amended (the "Act") and 25,223,960 shares are freely tradeable without restriction or further registration under Act except for shares owned by existing "affiliates," which may be subject to the limitations of Reg. 144 promulgated under the Act.
In general, under Reg. 144, a person (or persons whose shares are aggregated) who has satisfied a one (1) year holding period may sell in ordinary market transactions through a broker or with a market maker, within any three (3) month period a number of shares which does not exceed the greater of one percent (1%) of the number of outstanding shares of common stock or the average of the weekly trading volume of the common stock during the four calendar weeks prior to such sale. Sales under Reg. 144 require the filing of Form 144 with the Commission. If the shares of common stock have been held for more than two (2) years by a person who is not an affiliate, there is no limitation on the manner of sale or the volume of shares that may be sold and no Form 144 is required. Sales under Reg. 144 may have a depressive effect on the market price of our common stock.
All common shares have equal voting rights and are not assessable. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.
Upon liquidation, dissolution or winding up, our assets, after the payment of liabilities, will be distributed pro rata to the holders of the common stock. The holders of the common stock do not have preemptive rights to subscribe for any or our securities and have no right to require us to redeem or purchase their shares. The shares of common stock presently outstanding are fully paid and non-assessable.
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Dividends
Holders of our common stock are entitled to share equally in dividends when, as and if declared by our board of directors, out of funds legally available therefore. No dividend has been paid on the common stock since inception, and none is contemplated in the foreseeable future.
Transfer Agent
Pacific Stock Transfer Company, 500 East Warm Springs Road, Suite 240, Las Vegas, Nevada 98119 is our transfer agent. Its telephone number is (702) 361-3033.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL.
None.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Nevada Revised Statutes and certain provisions of the our Bylaws under certain circumstances provide for indemnification of our officers, directors and controlling persons against liabilities which they may incur in such capacities. A summary of the circumstances in which such indemnification is provided for is contained herein, but this description is qualified in its entirety by reference to the our bylaws and to the statutory provisions.
In general, any officer, director, employee or agent may be indemnified against expenses, fines, settlements or judgments arising in connection with a legal proceeding to which such person is a party, if that person's actions were in good faith, were believed to be in our best interest, and were not unlawful. Unless such person is successful upon the merits in such an action, indemnification may be awarded only after a determination by independent decision of the board of directors, by legal counsel, or by a vote of the shareholders, that the applicable standard of conduct was met by the person to be indemnified.
The circumstances under which indemnification is granted in connection with an action brought on our behalf is generally the same as those set forth above; however, with respect to such actions, indemnification is granted only with respect to expenses actually incurred in connection with the defense or settlement of the action. In such actions, the person to be indemnified must have acted in good faith and in a manner believed to have been in our best interest, and have not been adjudged liable for negligence or misconduct.
Indemnification may also be granted pursuant to the terms of agreements which may be entered in the future or pursuant to a vote of shareholders or directors. The statutory provision cited above also grants the power to us to purchase and maintain insurance which protects our officers and directors against any liabilities incurred in connection with their service in such a position, and such a policy may be obtained by us.
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ITEM 7. EXEMPTION FROM REGISTRATION.
None; not applicable.
ITEM 8. EXHIBITS.
The following Exhibits are incorporated herein by reference from the Registrant's Form SB-2 registration statement filed with the Securities and Exchange Commission, and amendments thereto, SEC file No. 333-46884.
Exhibit No.
| Document Description |
3.1
3.2
4.1
10.1
10.2
10.3
10.4
10.5
99.1 | Articles of Incorporation
Bylaws
Specimen Stock Certificate
Peak #1 Claim
Peak #2 Claim
Peak #3 Claim
Peak #4 Claim
Bill of Sale
Subscription Agreement |
The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K filed with the Securities and Exchange Commission on November 5, 2002. SEC file No. 000-33199.
Exhibit No.
| Document Description |
16.1 | Letter from Williams & Webster, P.S. |
The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K filed with the Securities and Exchange Commission on December 26, 2002. SEC file No. 000-33199.
Exhibit No.
| Document Description |
99.1 | Stock Purchase Agreement |
The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K filed with the Securities and Exchange Commission on January 2, 2003. SEC file No. 000-33199.
Exhibit No.
| Document Description |
10.1 | Agreement to Purchase Assets |
10.2 | Promissory Note |
10.3 | Convertible Debenture |
The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K filed with the Securities and Exchange Commission on January 27, 2003. SEC file No. 000-33199.
Exhibit No.
| Document Description |
99.1 | Press Release |
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The following Exhibits are incorporated herein by reference from the Registrant's Form 8-K filed with the Securities and Exchange Commission on February 3, 2003 SEC file No. 000-33199.
Exhibit No.
| Document Description |
10.1 | Agreement to Extend Promissory Note |
The following Exhibits are incorporated herein by reference from the Registrant's Form S-8 filed with the Securities and Exchange Commission on March 7, 2003. SEC file No. 000-33199.
Exhibit No.
| Document Description |
10.1 | Agreement to Extend Promissory Note |
The following documents are hereby incorporated by reference from the Registrant's Form S-8 filed with the Securities and Exchange Commission on March 18, 2003. SEC file No. 000-33199.
Exhibit No.
| Document Description |
3.1
99.1 | Amended Articles of Incorporation
Press Release |
The following documents are filed herewith:
Exhibit No.
| Description |
5.1
10.1
23.1
23.2 | Opinion of Conrad C. Lysiak, regarding the legality of the securities registered under this Registration Statement.
2003 Nonqualified Stock Option Plan.
Consent of Williams & Webster, P.S., Certified Public Accountants
Consent of Conrad C. Lysiak, Attorney at Law |
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ITEM 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
1. to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
2. that, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and,
3. to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The undersigned registrant hereby undertakes that, for the purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this Registration Statement thereto to be signed on its behalf by the undersigned, thereunto duly authorized on the 21st day of March, 2003.
| C-CHIP TECHNOLOGIES CORPORATION
(Registrant)
|
| BY: | /s Stephane Solis
Stephane Solis, President and Principal Executive Officer |
| BY: | /s/ Benjamin Loboe
Benjamin Loboe, Principal Financial Officer and Principal Accounting Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement thereto has been signed by the following persons in the capacities and on the dates indicated.
Signatures
| Title | Date |
/s/ John Fraser
John Fraser
| Secretary, Treasurer, and Director | 04/21/03 |
/s/ Robert Clarke
Robert Clarke
| Director | 04/21/03 |
/s/ Cherry Lee
Cherry Lee | Director | 04/21/03 |
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