Filed pursuant to Rule 424(b)(3)
Registration No. 333-166522
SUPPLEMENT NO. 2 DATED JANUARY 23, 2012
TO PROSPECTUS DATED JANUARY 14, 2011.
HARBOR ISLAND DEVELOPMENT CORP.
The following information supplements the prospectus of Harbor Island Development Corp. dated January 14, 2011 and is part of the prospectus. This Supplement updates the information presented in the prospectus. Prospective investors should carefully review the prospectus and this Supplement No. 2.
TABLE OF CONTENTS
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Status of the Offering |
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The prospectus, and each supplement, contains forward-looking statements. These forward-looking statements may involve our plans and objectives for future operations, including future growth and availability of funds. These forward-looking statements are based on current expectations, which are subject to numerous risks and uncertainties. Assumptions relating to these statements involve judgments with respect to, among other things, the continuation of our offering of units, future economic, competitive and market conditions and future business decisions, together with local, national and international events (including, without limitation, acts of terrorism or war, and their direct and indirect effects on travel and the economy). All of these matters are difficult or impossible to predict accurately and many of them are beyond our control. Although we believe the assumptions relating to the forward-looking statements, and the statements themselves, are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that these forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans, which we consider to be reasonable, will be achieved.
The following summary highlights material information contained in this prospectus supplement. This summary does not contain all of the information you should consider before investing in the securities of the Company. Before making an investment decision, you should read the entire prospectus filed on Form S-1 carefully, including the risk factors section, the financial statements and the notes to the financial statements. You should also review the other available information referred to in the section entitled “Where you can find more information” in the prospectus and any amendment or supplement hereto. Unless otherwise indicated, the terms the “Company,” “Harbor Island,” “we,” “us,” and “our” refer and relate to Harbor Island Development Corp.
STATUS OF THE OFFERING
We are closing our direct public offering of shares of our common stock at $0.05 per share as of September 25, 2011.
As of September 25, 2011, we had closed on the following sales of common stock in the offering:
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Date of Sale | Price PerShare | Number of Shares Sold | Gross Proceeds to the Company |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 20,000 | $1,000 |
August 18, 2011 | $0.05 | 22,000 | $1,100 |
August 18, 2011 | $0.05 | 22,000 | $1,100 |
August 18, 2011 | $0.05 | 22,000 | $1,100 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 24,000 | $1,200 |
August 18, 2011 | $0.05 | 60,000 | $3,000 |
August 18, 2011 | $0.05 | 60,000 | $3,000 |
August 18, 2011 | $0.05 | 60,000 | $3,000 |
August 18, 2011 | $0.05 | 60,000 | $3,000 |
August 18, 2011 | $0.05 | 60,000 | $3,000 |
25 Purchases | $0.05 | 750,000 | $37,500 |
S-2
