0001477932-15-004970.txt : 20150811 0001477932-15-004970.hdr.sgml : 20150811 20150811060244 ACCESSION NUMBER: 0001477932-15-004970 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150811 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20150811 DATE AS OF CHANGE: 20150811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: New Global Energy, Inc. CENTRAL INDEX KEY: 0001543083 STANDARD INDUSTRIAL CLASSIFICATION: FISHING, HUNTING & TRAPPING [0900] IRS NUMBER: 454349842 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54609 FILM NUMBER: 151042401 BUSINESS ADDRESS: STREET 1: 109 EAST 17TH STREET, SUITE 4217 CITY: CHEYENNE STATE: WY ZIP: 82001 BUSINESS PHONE: 307-633-9192 MAIL ADDRESS: STREET 1: 109 EAST 17TH STREET, SUITE 4217 CITY: CHEYENNE STATE: WY ZIP: 82001 8-K 1 ngey_8k.htm FORM 8-K ngey_8k.htm

 

 

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 11, 2015 

 

NEW GLOBAL ENERGY, INC.

(Exact name of registrant as specified in its charter) 

 

WYOMING

 

333-179669

 

45-4349842

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.) 

 

109 East 17th Street, Suite 4217, Cheyenne, WY

 

82001

(Address of principal executive offices)

 

(Zip Code)

 

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE

(307) 633-9192

 

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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 2.01 Completion of Acquisition or Disposition of Assets 

 

August 11, 2015 the Company completed the acquisition of an additional 760,877 common shares of Aqua Farming Tech, Inc., a California corporation (“AFT”) from unrelated third parties, giving it a total ownership of in excess of 92% of the outstanding shares of AFT. 

 

This transaction was completed for and in consideration of Three Hundred Eighty Thousand Four Hundred Thirty Four (380,434) shares of New Global Energy Inc. common stock, plus warrants to purchase 380,434 shares of New Global Energy Inc. common stock at a price of $2.00 per share for a period of five years from the date of the transaction. These warrants include shareholder appreciation rights and shall be exercisable after six months from the date of the transaction.

 

The Company had previously acquired these shares in a 2013 transaction which was rescinded due to delays in providing sufficient accounting information. These issues have been resolved and the Company has elected to proceed with the transaction.

 

Item 3.01 Unregistered Sales of Equity Securities 

 

As part of the transaction which the Company completed on August 11, 2015 of an additional 760,877 common shares of Aqua Farming Tech, Inc., a California corporation (“AFT”) the Company has agreed to issue and deliver 380,434 shares of common stock to XL BioFuels, Inc., a Nevada corporation. 

 

 
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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. 

 

 

 New Global Energy, Inc.

 

       
Date: August 11, 2015  By: /s/ Perry Douglas West 

 

 

 

 Perry Douglas West

 

 

 

 CEO

 

 

 

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