Attached files
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): February 15, 2013
GLOBAL EQUITY INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-54557 27-3986073
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
Level 28 - Al Habtoor Business Tower, PO Box 29805, Dubai Marina, Dubai, UAE
(Address of Principal Executive Offices) (Zip Code)
+971 (7) 204 7593
(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):
[ ] 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 communication pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.133-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On February 15, 2013, Global Equity International, Inc. ("Company") entered
into a Securities Purchase Agreement ("SPA") with Candelara Holdings Limited, a
company domiciled in the Chanel Islands ("Candelara"). The SPA covers the
potential sale by the Company of up to $1,300,000 worth of our Common Stock.
Candelara has the right to purchase up to 916,667 shares of our Common
Stock at a price of $.60 per share between the date hereof and April 30, 2013,
which would result in the Company receiving $550,000 in proceeds from such
purchase. In the event that Candelara purchases the entire 916,667 shares of
Common Stock by April 30, 2013, Candelara will have an option ("Option") to
purchase an additional $750,000 worth of our Common Stock at a per share
purchase price that is equal to $.90 or 60% of the average closing price of our
Common Stock during the ten (10) trading days immediately prior to Candelara's
written notice to the Company of its intent to exercise the Option.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
The information contained in Item 1.01, above, is incorporated into this
Item 3.02 by reference,
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits Description of Exhibit
-------- ----------------------
10.1 Securities Purchase Agreement, dated February 15, 2013, between the
Company and Candelara Holdings Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: February 15, 2013 GLOBAL EQUITY INTERNATIONAL, INC.
By: /s/ Enzo Taddei
----------------------------------
Enzo Taddei
Chief Financial Officer
2
EXHIBITS INDEX
Exhibits Description of Exhibit
-------- ----------------------
10.1 Securities Purchase Agreement, dated February 15, 2013, between the
Company and Candelara Holdings Limited