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 31, 2013
INCEPTION MINING INC.
(Exact name of registrant as specified in its charter)
(Former Name of Registrant)
Nevada | 333-147056 | 35-2302128 | ||
(State
or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS
Employer Identification Number) |
5320 South 900 East, Suite 260
Murray, Utah 84107
(Address of principal executive offices) (zip code)
801-428-9703
(Registrant’s telephone number, including area code)
Copies to:
Fleming PLLC
49 Front Street, Suite 206
Rockville Centre, New York 11570
Phone: (516) 833-5034
Fax: (516) 977-1209
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 1.01 | Entry Into A Material Definitive Agreement Registrant |
Item 3.02 | Unregistered Sales of Equity Securities |
On July 31, 2013, Inception Mining Inc. (the “Company”) entered into a subscription agreement with various accredited investors (the “July 2013 Accredited Investors”) pursuant to which the July 2013 Accredited Investors purchased 224,500 shares of the Company’s common stock (the “July 2013 Subscription Shares”) for a purchase price of $101,025, together with common stock purchase warrants to acquire 112,250
shares of common stock at $0.90 per share for a period of three years (the “July 2013 Warrants” and together with the July 2013 Subscription Shares, the “July 2013 Securities”).
The July 2013 Securities were offered and sold in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 (the “Securities Act”) and/or Rule 506 promulgated under the Securities Act. The July 2013 Accredited Investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act.
The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.
Item 9.01 | Financial Statements and Exhibits. |
(a) | Financial statements of businesses acquired. |
Not applicable
(b) | Pro forma financial information. |
Not applicable
(c) | Shell company transactions. |
Not applicable
(d) | Exhibits |
Exhibit No. | Description of Exhibit | |
4.1 | Form of Subscription Agreement entered by and between Inception Mining Inc. and the July 2013 Accredited Investors |
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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.
INCEPTION MINING INC. | ||
Date: August 5, 2013 | By: | /s/ Michael Ahlin |
Michael Ahlin | ||
Chief Executive Officer |
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