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
4, 2008
Date
of
Report (Date of earliest event reported)
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)
|
(I.R.S.
Employer Identification No.)
|
1105
North Market Street, Suite 1300
Wilmington, Delaware, 19801
(Address
of principal executive offices and zip code)
(302)
427 2360
(Registrant’s
telephone number, including area code)
(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:
| 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
8.01 Other
Events
On
August
4, 2008 EESTech, Inc. (the “Company”) entered into a Project Development and
Feasibility Agreement (the “Agreement”) with Datong Coal Mine Group (“Datong
Coal”) in the People’s Republic of China (the “PRC”)
In
the
Agreement, the parties acknowledged that there is an opportunity to establish
a
project that will involve the use of vented coalmine methane and waste coal
to
deliver cleaner energy for mining operations. Methane has a global warming
potential that is more damaging to the atmosphere than carbon dioxide, and
the
parties believe that by utilizing the Company’s Hybrid Coalmine Gas Technology
(“HCGT”) to destroy coalmine methane the project contemplated by the Agreement
has the ability to deliver significant environmental benefits to the
PRC.
The
parties intend for the project (the “project”) contemplated by the Agreement to
establish a collaboration between the parties that will foster shared learning
through the cross transfer of technologies and skill sets, that the parties
hope
will collectively advance and optimize the application of the HCGT to destroy
coal mine methane that would otherwise be released into the
atmosphere.
Datong
Coal has agreed to work exclusively with the Company in relation to the project
until the earlier to occur of 12 months following the date of the Agreement,
the
termination of the Agreement, or the execution of a binding agreement intended
to supersede the Agreement. Further, Datong Coal has agreed to negotiate
the
terms of a Certified Emissions Reductions purchase agreement with the Company
until the earlier of 12 months after the date of the Agreement or the
Agreement’s termination or rescission.
The
Agreement contains a detailed timeline of the occurrence of the events related
to the project, including an anticipated determination of feasibility of
the
project approximately 2 months following the date of the Agreement.
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: August
20, 2008 |
By: |
/s/
Murray Bailey |
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Name:
Murray Bailey |
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Title:
President
|