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): October 13, 2011
HELIX WIND, CORP.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
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000-52107
(Commission File Number)
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20-4069588
(IRS Employer Identification No.)
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13125 Danielson Street, Suite 104
Poway, California 92064
(Address of Principal Executive Offices, Zip Code)
(619) 501-3932
(Registrant's Telephone Number, Including Area Code)
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 Instruction A.2. below):
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))
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Item 2.04.
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Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
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On October 12, 2011, Helix Wind, Corp. (the “Company”) received a notice from St. George Investments, LLC, a Illinois limited liability company (“St. George”) notifying the Company that defaults had occurred under the following Convertible Secured Promissory Notes made by the Company in favor of St. George (the “Notes”):
| Date Of Note | Principal Amount of Note | Default |
| March 21, 2011 | $1,176,347 | Minimum share price/volume not met Failure be DWAC eligible |
| March 21, 2011 | $1,430,441 | Maintain minimum share price/volume not met Failure be DWAC eligible |
| July 1, 2011 | $72,500 | Minimum share price/volume not met |
| July 15, 2011 | $72,500 | Minimum share price/volume not met |
| August 1, 2011 | $72,500 | Minimum share price/volume not met |
| August 15, 2011 | $72,500 | Minimum share price/volume not met |
| July 28, 2011 | $49,292 | Minimum share price/volume not met |
As a result of the defaults, the interest rate under the Notes was increased to 15%, and the amounts outstanding under the Notes was increased by 25%, and in the case of each of the March 21, 2011 Notes, was increased by another 25% as a result of the second defaults.
Reference is made to the Company’s Current Reports on Form 8-K that was filed with the SEC on March 23, 2011 and July 6, 2011 and the exhibits of that report, for a complete description of the terms and conditions of the Notes and related financing.
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.
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HELIX WIND, CORP.
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Date: October 19, 2011
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By:
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/s/ Kevin Claudio | |
| Name: Kevin Claudio | |||
| Title: Chief Financial Officer | |||
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