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) January 23, 2006
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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)
[ ] 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.
The shares were issued in exchange for services rendered and as compensation.
The Board of Directors approved the delivery of the shares to each recipient on
January 23, 2006, except for the shares issued to John Fox, Donald Kennedy and
Stefan Muller which were approved for issuance on December 27, 2005.
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SHARES ISSUED TO: PER SHARE NUMBER OF SHARES AGGREGATE VALUE OF
VALUE ISSUED SHARES ISSUED
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Duane Morris, LLP $.050 880,000 $44,000.00
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Palladian Capital Partners,LLC $.040 2,200,000 $88,000.00
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Palladian Capital Partners,LLC $.040 300,000 $12,000.00
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Tim Dean-Smith $.050 1,680,000 $84,000.00
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Susan Walton $.050 400,000 $20,000.00
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Jeremy Dean-Smith $.050 1,800,000 $90,000.00
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Dolphin Capital $.050 2,900,000 $145,000.00
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Isaac de la Pena $.050 150,000 $7,500.00
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Misty Starke $.040 500,000 $20,000.00
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Brett Jensen $.035 200,000 $7,000.00
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Jeff Wilson $.035 714,286 $25,000.01
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Vista Capital $.070 1,000,000 $70,000.00
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Stonegate Ventures $.060 1,000,000 $60,000.00
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Yock Investments $.060 1,000,000 $60,000.00
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Jurgen Popp $.060 1,000,000 $60,000.00
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Global Equity Trading & Finance, Ltd. $.040 250,000 $10,000.00
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John Fox $.050 100,000 $5,000.00
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Donald Kennedy $.050 20,000 $1,000.00
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Stefan Muller $.060 1,000,000 $60,000.00
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TOTAL 17,094,286 $868,500.01
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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 27, 2006 IELEMENT CORPORATION
By: /s/ Ivan Zweig
Name: Ivan Zweig
Title: Chief Executive Officer