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
June 2, 2009
Date of Report (Date of earliest event reported)
GREENLITE VENTURES INC.
(Exact name of registrant as specified in its charter)
N/A
(Former name or former address if changed since last report)
| NEVADA | 000-51773 | 91-2170874 |
| (State or other jurisdiction of | (Commission File | (IRS Employer Identification No.) |
| incorporation) | Number) | |
| Suite 201, 810 Peace Portal Drive | ||
| Blaine, WA | 98230 | |
| (Address of principal executive offices) | (Zip Code) | |
(360) 318-3028
Registrant's telephone number, including area code
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 7 – REGULATION FD
ITEM 7.01 REGULATION FD DISCLOSURE.
Private Placement
On June 2, 2009, the sole director of Greenlite Ventures Inc. (the "Company") approved a private placement offering of up to 5,000,000 units (the “Units”) at a price of $0.02 US per Unit, with each Unit consisting of one share of the Company’s common stock and one share purchase warrant. Each share purchase warrant entitles the holder to purchase an additional share of common stock exercisable for a period of two years at a price of $0.05 US per share.
The private placement offering will be made to persons who are not “U.S. Persons” as defined in Regulation S.
The proceeds of the private placement offering will be used to retire corporate indebtedness and for general corporate purposes. There is no assurance that the private placement offering or any part of it will be completed.
The above does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
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.
| GREENLITE VENTURES INC. | ||
| Date: June 5, 2009 | ||
| By: | /s/ Howard Thomson | |
| HOWARD THOMSON | ||
| President and Chief Executive Officer | ||
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