UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
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 89, 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 theExchange Act (17
CFR
240.14d-2(b))
|
| o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under theExchange Act (17
CFR
240.13e-4(c))
|
Item
2.01 Completion
of Acquisition
This
filing updates and amends the Current Report on Form 8-K filed by EESTech,
Inc.
(the “Company”) on September 7, 2007 (the “Filing”), which Filing is
incorporated herein by reference. All comparisons of the value of Australian
dollars to United States dollars are made as of July 25, 2007, the date of
the
closing of the transactions outlined in the Filing.
The
Filing describes the details of an acquisition of 250,000 ordinary shares of
ComEnergy Pty. Ltd (“ComEnergy”), which equaled 50% of the outstanding shares of
ComEnergy (the “Shares”), from Commonwealth Scientific and Industrial Research
Organisation (“CSIRO”) pursuant to the Share Sale Deed dated June 1, 2007. The
price per share to be paid to CSIRO by the Company was AUD 2.12 (approximately
US $1.80) per share, or a total price of AUD 530,000 (approximately US
$450,500). Of this total purchase price, cash consideration of approximately
AUD
300,000 (approximately US $255,000) was paid to CSIRO and approximately AUD
230,000 (approximately US $195,500) was paid in the form of an intercompany
loan. At the time of this acquisition, CSIRO and the Company anticipated that
the outstanding debt of ComEnergy owed to CSIRO would be assigned to the Company
after the closing of the transaction. The debt never was assigned to the
Company; instead, the approximately AUD 230,000 was used to pay off the
outstanding debt of ComEnergy to CSIRO and the Company converted the
approximately AUD 230,000 intercompany loan to equity as full and final payment
for the Shares.
As
a
result, the last paragraph under Item 2.01 of the Filing is deleted in its
entirety and the following is inserted in its place: “The Company paid total
cash consideration of AUD 530,000 for 50% of the ordinary shares of ComEnergy
(approximately US $450,500 as of July 25, 2007).”
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.
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EESTech,
Inc. |
| Date:
December 10, 2007 |
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|
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By: |
/s/ Ian
Hutcheson |
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Name:
Title:
|
Ian Hutcheson
Chief Financial Officer
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