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 04/06/2005)
Platina Energy Group Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 000-28335 84-1080043
- - ---------------------------- ---------------- -------------------
(State or other Jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
200 W. 17th, Suite 240, Cheyenne, WY 81002
- - ------------------------------------------------------------------------
(Address of principal executive offices)
(307) 637-3900
- - ------------------------------------------------------------------------
(Issuer's telephone number)
Not Applicable
- - ------------------------------------------------------------------------
(Former name or former address, if changed since last report)
All Correspondence to:
Platina Energy Group Inc.
200 W. 17th Suite 240
Cheyenne, WY 81002
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. Closing of Material Definitive Agreement.
Effective April 6th, 2005, Platina Energy Group Inc.(the "Company") closed the
transactions reflected in the revised Asset Purchase Agreement (the "Revised
Agreement")with Permian Energy Services, L.P. ("Permian") and R.J. Clark,
Managing Partner of Permian. Pursuant to the Revised Agreement, Permian sold
to the Company certain assets relating to the marketing of various patented
thermal pulse units ("TPU") to the oil and gas industry. The assets sold
consist primarily of the assignment to the Company of (i) an exclusive
marketing agreement between Permian and Bi-Comp, L.L.C., (ii) a joint venture
agreement between Permian and Daystar Oil and Gas Corporation, (iii) a letter
agreement between Permian and Wyoming Energy Corporation, and (iv) a verbal
licensing use and distribution agreement between Permian and Penney Resources,
LLC regarding the "Penney Pump." In addition, Permian transfered to the
Company intellectual property regarding TPU applications for oil recovery from
wells and for acid gas re-injection.
Pursuant to the Revised Agreement, the Company issued 2,250,000 shares of its
common stock to Permian together with a two (2) year promissory note in the
principal amount of $250,000.
*Item 9.01. Financial Statements and Exhibits. *
(c) Exhibits
Exhibit No. Description
2.1 Asset Purchase Agreement by and among Permian Energy Services, L.P.,
R. J. Clark and Federal Security Protection Services, Inc. (now known as
Platina Energy Group Inc.) dated as of April 6th, 2005.
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.
Platina Energy Group Inc.
Date: August 10, 2005 / s/ Blair Merriam
Blair Merriam, Chief Executive Officer
Exhibit Index
Exhibit Number Description
-------------- -----------
2.1 Asset Purchase Agreement by and among Permian Energy Services, L.P.,
R. J. Clark and Federal Security Protection Services, Inc. (now
known as Platina Energy Group Inc.) dated as of April 6th, 2005.