Unassociated Document
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)
July
25, 2007
EESTech,
Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-32863
|
33-0922627
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
1260
S. Highway 98, Building 1, Suite H-5
Chino
Valley, Arizona 86323
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (928)
636-6255
(former
address)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR
240.14a-12(b))
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
2.01 Completion
of Acquisition
On
July
25, 2007, EESTech, Inc. (the “Company”) completed the acquisition of 50% of the
outstanding ordinary shares of ComEnergy Pty. Ltd., an Australian company
(“ComEnergy”). The ordinary shares were acquired from Commonwealth Scientific
and Industrial Research Organisation, an Australian Government Research Agency
(“CSIRO”) pursuant to a Share Sale Deed executed between the Company and CSIRO
on June 1, 2007.
The
sole
asset of ComEnergy is the global Exclusive International License for the
exploitation of the Hybrid Coal and Gas Turbine (“HCGT”) Technology (the
“License”). For a further description of the License and the HCGT, please see
the Company’s recent quarterly report filed with the Securities and Exchange
Commission on Form 10-QSB on August 13, 2007.
Prior
to
March 2007, ComEnergy had issued a partial sub-license of the License to
Methgen, Inc., a wholly-owned subsidiary of the Company. Effective as of March
27, 2007, this partial sub-license of the License was terminated by
ComEnergy.
The
Company paid total cash consideration of AUD 300,000 for the ordinary shares
of
ComEnergy (approx. USD 255,000 as of July 25, 2007).
Item
9.01 Financial
Statements and Exhibits.
| |
2.1
|
Share
Sale Deed dated June 1, 2007 between the Company and
CSIRO
|
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.
EESTech,
Inc.
Date:
September 7, 2007
By:
/s/
Ian Hutcheson
Name:
Ian
Hutcheson
Title:
Chief Financial Officer