- Current report filing (8-K)
25 4월 2009 - 6:19AM
Edgar (US Regulatory)
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): April 21, 2009
SALON
CITY, INC.
(Exact
name of registrant as specified in its charter)
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NEVADA
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000-52749
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20-2107795
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(State
or other
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Commission
File Number
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(IRS
Employer
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jurisdiction
of
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Identification
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incorporation
or
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No.)
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organization)
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909
North Palm Avenue
Suite
311
West
Hollywood, California 90069
(Address
of principal executive offices)
310-358-9017
(Issuer's
telephone number)
Not
Applicable
(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:
___
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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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))
Section 1
- Registrant’s Business and Operations
Item 1.02
Termination of a Material Definitive Agreement.
(a)(1)On
February 2, 2009, Salon City, Inc. entered into an Exclusive Placement Agent
Agreement with Capital Growth Resources, Inc. (hereafter, “CGR”), with a
business address of 405 East Lexington Avenue, Suite 201, El Cajon, California.
The Company considered this a material agreement not made in the ordinary course
of its business that it reported on Form 8-K.
At no
time was there any material relationship between the registrant, or any of its
affiliates, and any of the other parties to the contract, other than in respect
to the material agreement.
(2) The
material agreement provided, in pertinent part, that CGR would serve as the
exclusive placement agent in connection with the placement of new securities
(the “Offering”) of Salon City, Inc. either alone or in conjunction with other
broker-dealers, for the purposes of expanding the financing of Salon City,
Inc.’s business and execution of its business plans.
The terms
of the Offering consisted of a “best efforts, all or none” minimum offering of
fifteen (15) Units, with each Unit consisting of fifty (50) ten percent (10%)
debentures in the principal amount of one hundred dollars ($100.00) each, and
thirty seven thousand five hundred (37,500) shares of Salon City Inc.’s
restricted common stock on a best efforts basis up to the maximum offering of
one hundred (100) Units or five hundred thousand dollars
($500,000.00).
The Units
were to be offered and sold by Salon City, Inc. at a price of five thousand
dollars ($5,000.00) per Unit, with a minimum purchase of one (1) Unit, or such
lesser amount as Salon City, Inc. may approve on a subscription–by–subscription
basis, with gross minimum proceeds of seventy-five thousand dollars ($75,000.00)
and gross maximum offering proceeds of five hundred thousand dollars
($500,000.00).
The Units
were to be offered in reliance upon Section 4.2 and/or Rule 506 of Regulation D
as promulgated under the Securities Act of 1933, as amended, and were to be sold
solely to “Accredited Investors” as that term is defined in rule Rule 501 of
Regulation D.
(3) On
April 21, 2009, the Company received oral notice that CGR was terminating the
contract. On April 22, 2009, CGR sent written notice of the termination of the
contract. CGR gave no explanation in its written notice of why it terminated the
contract.
(4) The
registrant suffered no penalties as the result of CGR’s termination 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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Salon City, Inc.
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(Registrant)
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Date:
April 23, 2009
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By:
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/s/ Steven
Casciola
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Steven
Casciola
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President
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Salon City (CE) (USOTC:SALN)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025
Salon City (CE) (USOTC:SALN)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025
