Attached files
| file | filename |
|---|---|
| EX-99.1 - SNRG CORP | ex99-1.htm |
| EX-10.1 - SNRG CORP | ex10-1.htm |
U.S.
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): October 20, 2009
Commission
File Number: 000-33193
SNRG
CORPORATION
(Exact
name of small business issuer as specified in its charter.)
|
Nevada
|
90-0082485
|
|
(State
or other jurisdiction
of incorporation
or organization)
|
(IRS
Employer Identification
No.)
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1800 St James, Suite
306
Houston,
TX 77056
(Address
of principal executive offices)
(713)
961-3200
(Issuer's
telephone number)
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
|
[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01.
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Entry
into a Material Definitive
Agreement.
|
On or
around October 20, 2009, SNRG Corporation (the “Company”, “we,” and “us”) entered into a
North American Technology Agreement with Vega Invest AG d/b/a Enviropark Global
AG (“Enviropark” and the
“Enviropark
Agreement”). Pursuant to the Enviropark Agreement, Enviropark
granted us the exclusive rights to use and market its Enviropark concept and
related technologies, including Enviropark’s “Envirovirgin”
technology in North America (including the United States, Mexico and
Canada)(collectively the “Enviropark Concept”).
The Enviropark Concept brings together a matrix of waste streams which we
believe can create an economically viable combination of revenue from tipping
fees and the sale of recycled materials on the upstream side of gasification and
revenues from materials and products derived from the syngas and inorganic
liquids produced from the gasification of a blended waste
feedstock.
The core
technology of the Enviropark Concept is gasification, a process where materials
are heated to extremely high temperatures in a sealed vessel without enough
oxygen to allow combustion. In this process all inorganic materials such as
metals, sand and rock, melt and are recovered as liquids and all organic
materials are converted to a gaseous state, with the largest component being a
synthesis gas composed mostly of hydrogen.
Pursuant
to the Enviropark Agreement, we are able to sublicense the Enviropark Concept in
North America by providing notice of any such sublicense to
Enviropark.
The entry
into the Enviropark agreement was our first step, following the recent shift in
our business focus to operations that involve the implementation and
redevelopment of advanced waste processing and materials recovery
technologies.
The
consideration due to Enviropark under the terms of the Enviropark Agreement in
the amount of $1,500,000 has been paid for by the issuance of 150,000,000
restricted shares of the Company’s common stock.
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Item
3.02.
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Unregistered
Sales of Equity Securities.
|
On or
around October 20, 2009, the Company issued 150,000,000 restricted shares of the
Company’s common stock to Enviropark pursuant to the terms of the Enviropark
Agreement. We claim an exemption from registration afforded by
Regulation S of the Securities Act of 1933, as amended ("Regulation S") for
the above issuance since the issuance was made to a non-U.S. person (as defined
under Rule 902 section (k)(2)(i) of Regulation S), pursuant to an offshore
transaction, and no directed selling efforts were made in the United States by
the issuer, a distributor, any of their respective affiliates, or any person
acting on behalf of any of the foregoing.
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Item
9.01.
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Financial
Statements and Exhibits.
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Exhibit No.
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Description
|
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10.1*
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North
American Technology Agreement
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99.1*
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Press
Release
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* Filed
herewith.
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SIGNATURES
Pursuant
to the requirement 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.
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SNRG CORPORATION
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/s/ D. Elroy Fimrite
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|
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D.
Elroy Fimrite
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|
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President
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November
3, 2009
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