UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 reported) December 30, 2005
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IELEMENT CORPORATION
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(Exact name of registrant as specified in its charter)
NEVADA 000-29331 76-0270295
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
17194 Preston Road, Suite 102, PMB 341, Dallas, TX 75248
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 254-3440
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(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 (see General Instructions 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))
Item 3.02 Unregistered Sales of Equity Securities
The following sets forth certain sales of unregistered securities since the
Company's last periodic report. These securities were issued without
registration in reliance upon the exemption provided by Section 4(2) of the
Securities Act of 1933 and/or Regulation D and/or Regulation S.
All warrants are callable by the Company under certain circumstances and are
exercisable at $0.10 per share at any time after issuance until December 31,
2007, unless previously called by the Company.
The Board of Directors approved each subscription on December 30, 2005.
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PURCHASER AGGREGATE SHARES OF COMMON NUMBER OF SHARES
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PURCHASE PRICE STOCK PURCHASED ISSUABLE UPON
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CONVERSION OF
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WARRANT
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Michael Bloch $70,000 2,000,000 1,000,000
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Jonathan Lowenthal $17,500 500,000 250,000
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Wayne Schoenmakers $3,500 100,000 50,000
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Thomas Barrett $7,000 200,000 100,000
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Wm Goatley Revocable Trust $8,750 250,000 125,000
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Richard Crose $17,500 500,000 250,000
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Robert Gillman $17,500 500,000 250,000
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Timothy Broder $17,500 500,000 250,000
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Thomas Allen Piscula $17,500 500,000 250,000
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Raymond Dunwoodle $17,500 500,000 250,000
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Fred Matulka $17,500 500,000 250,000
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Michael Melson $17,500 500,000 250,000
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Oscar Greene Jr $17,500 500,000 250,000
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Robert Rowley $17,500 500,000 250,000
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Trey Investments, LLP $5,250 150,000 75,000
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William Cail $875 25,000 12,500
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Kenneth Meyer $35,000 1,000,000 500,000
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Frank Davis $7,000 200,000 100,000
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Holger Pfeiffer $8,750 250,000 125,000
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Bellano Family Trust $10,500 300,000 150,000
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Calder Capital, Inc. $17,500 500,000 250,000
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Ulrich Nusser $8,750 250,000 125,000
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Sat Paul Dewan $10,500 300,000 150,000
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Thomas Weiss $8,750 250,000 125,000
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Marianne Issels $8,750 250,000 125,000
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Stefan Muller $17,500 500,000 250,000
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Annette Bohmer $17,500 500,000 250,000
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Hendrik Paulus $17,500 500,000 250,000
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Robert Flaster $7,000 200,000 100,000
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William Harner $5,250 150,000 75,000
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Veronica Kristi Prenn $52,500 1,500,000 750,000
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Ryan Cornelius $52,500 1,500,000 750,000
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Jurgen Popp $52,500 1,500,000 750,000
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Robert Smith $10,500 300,000 150,000
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Gerd Weger $350,000 10,000,000 5,000,000
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Christiane Loberbauer $8,750 250,000 125,000
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Fred Schmitz $175,000 5,000,000 2,500,000
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Glenn Jensen $105,000 3,000,000 1,500,000
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Laurence Straus $10,500 300,000 150,000
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General Research GMBH $17,500 500,000 250,000
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AK Asset Management $35,000 1,000,000 500,000
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Benjamin Eichholz $52,500 1,500,000 750,000
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Amaltea SA $17,500 500,000 250,000
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Clarence Keck Jr $5,250 150,000 75,000
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Jorn Follmer $17,500 500,000 250,000
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Mattias Graeve $8,750 250,000 125,000
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Jerome Niedfelt $10,500 300,000 150,000
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John Niedfelt $7,000 200,000 100,000
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Global Equity Trading & Finance, Ltd. $17,500 500,000 250,000
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Global Equity Trading & Finance, Ltd. $70,000 2,000,000 1,000,000
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Film & Music Entertainment, Inc. $35,000 1,000,000 500,000
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Red Giant Productions, Inc. $17,500 500,000 250,000
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TOTAL $1,579,375 45,125,000 22,562,500
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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.
Date: January 5, 2006 IELEMENT CORPORATION
By: /s/ Ivan Zweig
Name: Ivan Zweig
Title: Chief Executive Officer