UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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 20, 2007
NVCN CORPORATION
--------------------------------------------------
(Exact Name of Registrant as specified in Charter)
Commission File No. 0-13187
---------
Delaware
----------------------------------------------
(State of Other Jurisdiction of Incorporation)
13-3074570
------------------------------------
(I.R.S. Employer Identification No.)
1800 Wooddale Drive, Suite 208, Woodbury, Minnesota
-----------------------------------------------------------
(Address of Principal Executive Office)
55125
----------
(Zip Code)
Registrant's Telephone Number, Including Area Code: (651) 452-1606
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))
1
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On June 18, 2007, NVCN Corporation (the "Registrant") agreed to a mutual
termination of the Share Exchange Agreement (the "Agreement") previously made
on September 1, 2006, by and between the Company and the sole shareholder of
COMPANHIA MELHORALENTOS DE VILA BALNEARIA, S.A., which agreement was previously
reported by the Registrant in a current report on Form 8-K filed with the
Securities and Exchange Commission on September 7, 2006.
This action became necessary because the Registrant has been unable, despite
the best efforts of the Registrant's management, to fulfill a condition of the
Agreement calling for the settlement and satisfaction of a judgment (the
"Judgment") against the Registrant held by I-Flow Corporation.
The Judgment was entered on May 31, 2000, and permanently enjoins the
Registrant and certain other persons from infringing U.S. Patent No's 5,080,652
and 5,284,481 during the remaining term of such patents, and orders the
Registrant to pay I-Flow Corporation, the holder of such patents, monetary
damages of $1,344,581.68, together with interest thereon.
ITEM 8.01 OTHER EVENTS
On May 7, 2007, the Registrant relocated its principal executive offices from
2535 Pilot Knob Road, Suite 118, Mendota Heights, Minnesota, to 1800 Wooddale
Drive, Suite 208, Woodbury, Minnesota 55125. The Registrant's telephone number
remains the same.
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.
NVCN CORPORATION
Date: June 20, 2007 By: /s/ Gary Borglund
---------------------------
Gary Borglund
Chief Executive Officer
2