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EX-10.1 - EXHIBIT 10.1 - SURPURE, INC.exhibit101.htm
EX-17.1 - EXHBIT 17.1 - SURPURE, INC.exhibit171.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): August 28, 2013

 

PACIFIC QUEST VENTURES CORP.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

 

Delaware   000-54683    

(STATE OR OTHER JURISDICTION OF

INCORPORATION OR ORGANIZATION)

  (COMMISSION FILE NO.)   (IRS EMPLOYEE IDENTIFICATION NO.)

 

Attn: Mr. Lawrence DeBry, CEO

c/o SurPure, Inc.

222 S. Main Street, # 500

Salt Lake City, UT 84101

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

 

801-575-9000

_____________________________

(ISSUER TELEPHONE NUMBER)

 

2000 Hamilton Street, #943

Philadelphia, PA 19130

(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

 

 

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))

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

William Tay, the sole shareholder of Pacific Quest Ventures Corp. (the “Registrant”) entered into a Share Purchase Agreement, dated as of August 26, 2013 (the "Agreement"), with SurPure LLC, a Wyoming limited liability company (SurPure). Pursuant to the Agreement, William Tay transferred to SurPure 31,390,000 shares of our Common Stock which represents 100% of our issued and outstanding shares in consideration of $35,990 in cash. The Agreement is subject to a number of conditions to closing.

 

The description of the material terms of the aforementioned Agreement included in Items 5.01 and 5.02 of this Form 8-K is incorporated by reference into this Item.

 

Item 5.01 Change in Control of Registrant.

 

On August 30, 2013, William Tay, the sole shareholder of the Registrant, consummated a sale of 31,390,000 shares of our common stock to SurPure for an aggregate purchase price of $35,990 in cash. Following the closing of the share purchase transaction, SurPure owns a 100% interest in the issued and outstanding shares of our Common Stock.

 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference and to Item 5.02 of this Form 8-K, which is incorporated herein by reference.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Election of New Director

 

On August 28, 2013, immediately prior to the closing of the Share Purchase Agreement transaction, Mr. Tay, acting as the sole shareholder of the Registrant, elected and appointed Lawrence DeBry to the Board of Directors of the Registrant. Biographical information relating to Mr. DeBry is below.

 

Resignation of Director

 

Immediately following the closing of the Share Purchase Agreement transaction, Mr. Tay tendered his resignation as the Registrant’s President, Chief Executive Officer, Treasurer, Secretary and Director. Mr. DeBry, acting as the sole remaining member of the Registrant’s Board of Directors, accepted Mr. Tay’s resignation. The resignations were in connection with the consummation of the Share Purchase Agreement with SurPure and were not the result of any disagreement with Registrant on any matter relating to Registrant's operations, policies or practices.

 

Appointment of Officers

 

Following Mr. Tay’s resignations, Mr. DeBry appointed himself as President, Chief Executive Officer, Secretary, Treasurer and Chairman of the Board of Directors of the Registrant.

 

Biographical Information for Lawrence DeBry.

 

Mr. DeBry joined the mining industry in 1994, introducing asset management and reliability concepts to the mining industry. Prior to becoming CEO of SurPure, Mr. DeBry was a senior executive and officer at Rio Tinto, BHP Billiton Western Australian Iron Ore, and AngloGold Ashanti mining companies. These minerals companies are among the largest international minerals companies in the world representing multi-billions of dollars in market cap. He is recognized for innovation in the maintenance and reliability fields and as an industry leader and received both his MBA and his B.S degree in Mechanical Engineering from the University of Utah. Mr. DeBry is considered an expert in Ultra-Clean Diesel Fuel technology and is often sought for consulting and speaking engagements internationally.

 

As of the date of this filing, there has not been any material plan, contract or arrangement (whether or not written) to which any of our officers or directors are a party in connection with their appointments at Pacific Quest Ventures Corp.

 

Item 9.01 Financial Statement and Exhibits.

 

(a) Financial Statements of Business Acquired.
   
  Not applicable.
   
(b) Pro Forma Financial Information.
   
  Not applicable.
   
(c) Exhibits.   Exhibit Number   Description
   10.1 Share Purchase Agreement between William Tay and SurPure, Inc., dated August 26, 2013*
   17.1 Resignation Letter of William Tay, dated as of August 28, 2013*

 

* Filed herewith

 

 

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.

 

Pacific Quest Ventures Corp.

 

 

By: ____/s/ Lawrence DeBry________

Name: Lawrence DeBry

Title: President/CEO

 

Dated: August 30, 2013