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EX-99.1 - HNO International, Inc. | v200887_ex99-1.htm |
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): November 3, 2010
Clenergen
Corporation
(Exact
name of registrant as specified in its charter)
Nevada
|
333-130286
|
20-2781289
|
(State or other
jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
5379
Lyons Road, Suite 301
Coconut Creek,
Florida
|
33073
|
(Address of
principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: 954-509-9830
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:
o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Introductory
Comment - Use of Terminology
Throughout
this Current Report on Form 8-K, the terms the “Company,” “we,” “us” and “our”
refers to the registrant, Clenergen Corporation, and its wholly-owned
subsidiaries, including Clenergen India Private Limited (“Clenergen India”), on
a consolidated basis.
Item
8.01 Other
Events.
On
November 3, 2010, we disseminated a press release concerning our commencement of
power generation operations at an 18 megawatt biomass power plant located near
Chennai, India (the “Chennai Plant”). We had previously disclosed in
our Quarterly Report on Form 10-Q for our fiscal quarter ended July 31, 2010 and
in a Current Report on Form 8-K (Date of Report: June 18, 2010) that we were in
the process of acquiring the Chennai Plant. The sellers of the
Chennai Plant have acknowledged our right to operate the facility and for us to
retain all of the revenues generated from the Chennai Plant’s operations,
effective as of October 1, 2010. In connection with our acquisition
of the Chennai Plant we will be assuming certain debt in the principal amount of
approximately $14 million. The bank which loaned the money is in the
process of approving the transfer of the Chennai Plant to us. The
press release is attached as Exhibit 99.1 to this Current Report on Form
8-K.
Item
9.01 Financial Statements
and Exhibits.
The
following exhibits are being filed as part of this Current Report on Form
8-K.
Exhibit
Number
|
Exhibit Description | |
10.1
|
Agreement
to Sell and Purchase Shares, dated June 18, 2010, between Clenergen India
Private Limited, Nandha Energy Limited and
others. [Incorporated by reference to Exhibit 10.1 to the
Current Report on Form 8-K (Date of Report: June 18, 2010) of Clenergen
Corporation, filed with the Securities and Exchange Commission on June 24,
2010.]
|
|
99.1
|
Press
Release of Clenergen Corporation disseminated on November 3,
2010.
|
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.
Dated: November 3, 2010 | Clenergen Corporation | ||
|
By:
|
/s/ Tim J.E. Bowen | |
Tim J.E. Bowen | |||
Chief Executive Officer | |||