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 and Exchange Act of 1934
August 13, 2009
Date of Report (date of Earliest Event Reported)
CHINA TEL GROUP INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA | 98-0489800 | |||
(State or Other Jurisdiction of Incorporation or Organization) | (Commission File No.) | (I.R.S. Employer Identification No.) |
8105 Irvine Center Drive, Suite 820, Irvine, CA 92618
(Address of principal executive offices and zip code)
(949) 585-0222
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed from 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 (see General Instruction A.2. below):
¨ | 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)) |
Item 3.02 Unregistered Sales of Equity Securities.
On August 13, 2009, the China Tel Group, Inc., a Nevada corporation (the “Company”) authorized the issuance of 3,000,000 Series A common stock to Mario Alvarez, for services rendered under an Independent Contractor Agreement effective as of May 29, 2008 between Mr. Alvarez and the Company. The shares issued were relied upon exemptions provided for in Sections 4(2) and 4(6) of the Securities Act, including Regulation D promulgated there under based the Independent Contractor’s knowledge of our operations and financial condition and experience in financial and business matters that allowed them to evaluate the merits and risk of receipt of these securities.
SIGNATURE
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.
CHINA TEL GROUP, INC. | |
Date: August 25, 2009 | By: /s/ Kenneth L. Waggoner |
Name: Kenneth L. Waggoner | |
Title: Vice President and General | |
Counsel |