UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
To Section 18 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest reported): June 20, 2011
MEGOLA, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| Nevada | | 000-49815 | | 88-0492605 |
| (State or other jurisdiction | | (Commission | | (I.R.S. employer |
| of incorporation) | | File Number) | | identification number) |
214 LaSalle Line, Sarnia, Ontario N7T 7H5
(Address of principal executive offices) (Zip code)
(519) 336-0628
Registrant's telephone number, including area code
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 7, 2011 the Corporation approved the issuance of 11,800,000 (eleven million eight hundred thousand ) Common Shares of MGON, in the form of four Common Stock certificates without any restrictive legend; each of 2,950,000 shares (two million nine hundred fifty thousand), to 538 Investments, Ltd, Euroline Clearing Corporation, Vanilla Sky, S.A , Limestone Nominees, as per a Debt Conversion Agreement executed by the companies.
The Agreement contains other terms and conditions and has been filed as an exhibit to this report. Please refer to the exhibit for additional information.
ITEM 8.01 OTHER EVENTS
Council legal opinion for debt conversion
ITEM 9.01 EXHIBITS
10.0 Debt Conversion Agreement dated March 7, 2011
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Megola, Inc.
(Registrant)
| Dated:June 20, 2011 | By: | /s/ Joel Gardner |
| | | Joel Gardner, President |
