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): June 5, 2015
______________
PROPELL TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)
______________
| Delaware | 000-53488 | 26-1856569 |
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |
1701 Commerce Street, 2nd Floor, Houston, Texas 77002
(Address of Principal Executive Office) (Zip Code)
(713) 227-0480
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since 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:
| ¨ | 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 1.01. | Entry into a Material Definitive Agreement. |
On June 5, 2015, Propell Technologies Group, Inc., a Delaware corporation(the “Company”), and Ervington Investment Limited, an entity organized under the laws of the Republic of Cyprus (“Ervington”), amended the Series C Preferred Stock Purchase Agreement (the “Amendment to the Purchase Agreement”) that they entered into on February 19, 2015 (the “Purchase Agreement”). The Amendment to the Purchase Agreement extended the deadline for the closing of the final tranche of the private placement offering under the Purchase Agreement from May 31, 2015 to June 30, 2015. The description of the Amendment to the Purchase Agreement is qualified in its entirety by reference to the full text of the Amendment to the Purchase Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Name of Exhibit | |
| 10.1 | Amendment to the Series C Preferred Stock Purchase Agreement, dated June 5, 2015 (filed herewith) |
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.
| PROPELL TECHNOLOGIES GROUP, INC. | ||
| By: | /s/ John W. Huemoeller | |
| Name: | John W. Huemoeller | |
| Title: | Chief Executive Officer | |
Date: June 9, 2015