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): April 12, 2012 THE X-CHANGE CORPORATION (Exact Name of Registrant as Specified in its Charter) Nevada 002-41703 90-0156146 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 12655 North Central Expressway, Suite 1000, Dallas TX 75243 (Address of Principal Executive Office) (Zip Code) (972) 386-7350 (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 (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)) <PAGE> SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On April 12 and May 14, 2012, respectively, The X-Change Corporation through its wholly owned subsidiary, Cress Oil Inc. (the "Company") entered into Purchase and Sale Agreements (individually the "Agreement", collective the "Agreements") with Granite Group Energy (a Delaware Limited Liability Company hereafter referred to as "Granite") and Wexco Resources, LLC (a Colorado Limited Liability Company hereafter referred to as "Wexco"). As part of the Granite Agreement, the Company is acquiring from Granite approximately 21,111 net acres of mineral interests in return for the payment of approximately $15,000,000. As part of the Wexco Agreement, the Company is acquiring from Wexco approximately 50,000 net acres of mineral interests in Teton County, Montana in return for the payment of approximately $ 7,500,000. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibit No. Description of Exhibit ----------- ---------------------- 10.19* Purchase and Sale Agreement with Granite Group Energy, LLC 10.20* Purchase and Sale Agreement with Wexco Recources, LLC ---------- * filed herewith 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 thereunto duly authorized. Date: June 26, 2012 THE X-CHANGE CORPORATION By: /s/ R. Wayne Duke -------------------------------- Name: R. Wayne Duke Title: Vice President 2
- Company Dashboard
- Filings
- Insider
-
8-K Filing
Omnicanna Health Solutions 8-KEntry into a Material Definitive Agreement
Filed: 26 Jun 12, 12:00am