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
Date of report (Date of earliest event reported) December 8, 2009
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FERO INDUSTRIES, INC.
(Name of Small Business issuer in its charter)
Colorado 000-53337 01-0884561
(State or other jurisdiction of (Commission File No.) (IRS Employer incorporation or organization) Identification Number)
17 Reeves Crescent, Red Deer, AB T4P 2Z4 Canada
(Address of principal executive offices)
(403 ) 827-7936
(Registrant’s telephone number)
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Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01. Entry into a Material Definitive Agreement.
On October 13, 2009 Fero Industries, Inc. (the “Registrant”) entered into a Definitive Share Exchange Agreement to acquire Pyro Pharmaceuticals, Inc. of Irvine California. On December 8, 2009 the registrant and Pyro Pharmaceuticals, Inc. mutually terminated the Share Exchange Agreement and Entered in to an Asset Purchase Agreement. Pyro Pharmaceuticals, Inc. is engaged in the business of developing therapeutics against multi-drug resistant infectious microorganisms. The Definitive Agreement provides for the Purchase of Pyro’s assets for shares of the Company’s common stock, with Fero remaining as the parent entity and Pyro as a subsidiary. It is anticipated that a final closing to occur upon completion of Pyro’s audited financial Statements and will be subject to certain terms and conditions as set forth in the definitive agreement.
For all the terms and provisions of the Agreement, reference is hereby made to such Agreements annexed hereto as Exhibit 10.1 and 10.2. All statements made herein concerning the foregoing are qualified in their entirety by reference to said exhibits.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
EXHIBITS
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10.1 Definitive Asset Purchase Agreement Between Fero Industries, Inc. and Pyro Pharmaceuticals, Inc. |
10.2 Termination of Share Exchange Agreement |
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SIGNATURES
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.
Fero Industries, Inc.
/s/Leigh Ann Squire
Secretary, Treasurer and Director
December 10, 2009
