UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) March 20, 2008
PLAYLOGIC ENTERTAINMENT, INC. |
(Name of Small Business Issuer as specified in its charter) |
Delaware | | 0-49649 | | 23-3083371 |
| (State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
Concertgebouwplein 13, 1071 ll Amsterdam, The Netherlands |
| (Address of principal executive offices and zip code) |
Company’s telephone number, including area code: (011) 31-20-676-0304
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2. below):
| | r | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | r | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | r | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | r | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition
Playlogic Entertainment, Inc. announced that it has successfully closed $3 million in equity ($1.00 per share) and $4 million in loan through a Private Placement. The total amount of $7 million is placed at existing and new shareholders, all accredited investors. After closing of this private placement, the company has 41.5 million common shares outstanding as per March 31st 2008.
b
The newly attracted funds will improve the working capital and equity position of the Company and to allow the Company to execute its business plan and adhere to release schedules for the year 2008.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Press Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
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| | PLAYLOGIC ENTERTAINMENT, INC. |
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| Date: March 20, 2008 | By: | /s/ Willem M. Smit |
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Willem M. SmitPresident and Chief Executive Officer |
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