Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - Triton Emission Solutions Inc. | dsox_ex991.htm |
| EX-10.1 - LOAN AGREEMENT - Triton Emission Solutions Inc. | dsox_ex101.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
August 31, 2015
Date of Report (Date of earliest event reported)
TRITON EMISSION SOLUTIONS INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 000-33309 | 33-0953557 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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| 151 San Francisco St., Suite 201 San Juan, Puerto Rico |
| 00901 |
| (Address of principal executive offices) |
| (Zip Code) |
1 (800) 648-4287
Registrant's telephone number, including area code
NOT APPLICABLE
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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
On August 31, 2015, Triton Emission Solutions Inc. (the “Company”) entered into a loan agreement (the “Third KF Loan Agreement”) with KF Business Ventures, LP (the “Lender”). Robert C. Kopple, Chairman of the Company’s Board of Directors, is the principal of the Lender. The Third KF Loan Agreement is in addition to the $2,000,000 loan agreement entered into by the Company and the Lender on January 15, 2014 and as amended on March 10, 2014 and September 8, 2014, and to the $2,400,000 loan agreement entered into by the Company and the Lender on July 28, 2014.
Under the terms of the Third KF Loan Agreement, the Lender agreed to lend to the Company $200,000 in exchange for an unsecured Promissory Note. Outstanding principal under the Third KF Loan Agreement will bear interest at a rate of 6% per annum, compounded monthly, until the outstanding principal amount is paid in full. The loan is payable on demand, however not earlier than 90 days following execution of the Third KF Loan Agreement.
The foregoing description of the Third KF Loan Agreement is not purported to be complete and is qualified in its entirety by reference to the complete text of such agreement attached as exhibits hereto.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit | Description |
10.1 | Loan Agreement between Triton Emission Solutions Inc. and KF Business Ventures, LP dated August 31, 2015. |
| 99.1 | News Release. |
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SIGNATURE
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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| TRITON EMISSION SOLUTIONS INC. |
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| Date: September 4, 2015 | By: /s/ Anders Aasen |
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| Name: Anders Aasen |
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| Title: Chief Executive Officer |
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