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 event reported): May 12, 2011
ProUroCare Medical Inc.
(Exact Name of Registrant as Specified in its Charter)
Nevada
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000-51774
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20-1212923
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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6440 Flying Cloud Dr., Suite 101, Eden Prairie, Minnesota 55416
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(Address of Principal Executive Offices) (Zip Code)
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(952) 476-9093
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(Registrant’s Telephone Number, Including Area Code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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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:
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Item 1.01 Entry into Material Definitive Agreements
On May 12, 2011, ProUroCare Medical Inc. (the “Company”) established a $100,000 line of credit with Central Bank. The line of credit will expire on May 12, 2012. Principal amounts borrowed against the line of credit will bear interest at the prime rate plus 1.0%, with a minimum rate of 6.0% (currently 6%). The line of credit is guaranteed by Bruce Johnson, who was granted a subordinated security interest in the Company’s assets until the line of credit is repaid and expires or otherwise terminates. On May 16, 2011, the Company drew down $65,000 of the line of credit.
Item 2.03 Creation of a Direct financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Company
See Item 1.01 above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
ProUroCare Medical Inc.
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Date: May 17, 2011 | By | /s/ Richard C. Carlson |
Richard C. Carlson
Chief Executive Officer
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