- Current report filing (8-K)
06 5월 2009 - 1:43AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): May 1, 2009
SYNTEC
BIOFUEL INC.
|
(Exact
name of registrant as specified in its
charter)
|
Washington
|
|
000-51932
|
|
91-2031335
|
(State
or other jurisdiction of incorporation or organization)
|
|
(Commission
File Number)
|
|
(IRS
Employer Identification No.)
|
Suite
206, 388 Drake Street
Vancouver,
British Columbia, Canada
|
|
V6B
6A8
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number
(including
area code)
|
|
(604)
681-1064
|
|
|
|
(Former
name or former address if changed since last report)
|
|
(Zip
Code)
|
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
communication 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))
|
SECTION
1
|
REGISTRANT’S
BUSINESS AND OPERATIONS
|
Item
1.01
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Entry
into a Material Definitive
Agreement.
|
The Board
of Directors agreed to an amendment to the Service agreement with Syntec Biofuel
Research Inc. (“SBRI”). The agreement has been amended to include
Syntec Biofuel Technologies Inc., a wholly owned subsidiary of Syntec Biofuel
Inc.
Item
1.02
|
Termination
of a Material Definitive Agreement.
|
No events
to report.
Item
1.03
|
Bankruptcy
or Receivership.
|
No events
to report.
SECTION
2
|
FINANCIAL
INFORMATION
|
Item
2.01
|
Completion
of Acquisition or Disposition of
Assets.
|
No events
to report.
Item
2.02
|
Results
of Operations and Financial
Condition.
|
No events
to report.
Item
2.03
|
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
|
On May 1,
2009, the Board of Directors accepted a resolution to extend the repayment of
the loans from:
Issue
Date
|
Note
holder
|
Principal
Amount
|
January
15, 2007
|
Iris
International Holdings
|
US$141,500.62
|
June
20, 2008
|
CAJ
Business Solutions Ltd.
|
CDN$300,000
|
September
26, 2008
|
Pelican
Financial Corp.
|
CDN$22,500
|
The
holders of each Note have agreed to extend repayment of the loan:
CAJ Business Solutions Ltd.
hereby extends repayment of the loan until October 31, 2009, on the same terms
and conditions set out in the promissory notes in exchange for a penalty charge
of 10% of the capital debt. If the entire amount outstanding is paid before the
due date, the penalty charge will be reduced to 5% of the capital
debt.
In the
event that Syntec fails to pay the capital and interest on the due date of
October 31, 2009,
becomes
insolvent and/or is petitioned into bankruptcy, CAJ will receive, as a penalty,
one fully paid, worldwide, royalty free, non exclusive license for use of
Syntec’s catalyst technology, which includes a full copy of the Intellectual
Property with up to date supporting research materials.
Iris International Holdings
Ltd.
hereby extends repayment of the loan until October 31, 2009, on the
same terms and conditions set out in the promissory notes in exchange for a
penalty charge of 10% of the capital debt. If the entire amount outstanding is
paid before the due date, the penalty charge will be reduced to 5% of the
capital debt.
Pelican Financial Corp.
hereby
extends repayment of the loan until October 31, 2009, on the same terms and
conditions set out in the promissory notes in exchange for a penalty charge of
10% of the capital debt. If the entire amount outstanding is paid before the due
date, the penalty charge will be reduced to 5% of the capital debt.
Item
2.04
|
Triggering
Events That Accelerate or Increase a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet
Arrangement.
|
No events to report.
Item
2.05
|
Costs
Associated with Exit or Disposal
Activities.
|
No events to report.
Item
2.06
|
Material
Impairments.
|
No events to report.
SECTION
3
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SECURITIES
AND TRADING MARKETS
|
Item
3.01
|
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
|
No events to report.
Item
3.02
|
Unregistered
Sales of Equity Securities.
|
No events
to report.
Item
3.03
|
Material
Modification to Rights of Security
Holders.
|
No events to report.
SECTION
4
|
MATTERS
RELATED TO ACCOUNTANTS AND FINANCIAL
STATEMENTS
|
Item
4.01
|
Changes
in Registrant’s Certifying
Accountant.
|
No events to report.
Item
4.02
|
Non-Reliance
on Previously Issued Financial Statements or a Related Audit Report or
Completed Interim Review.
|
No events to report.
SECTION
5
|
CORPORATE
GOVERNANCE AND MANAGEMENT
|
Item
5.01
|
Changes
in Control of Registrant.
|
No events to report.
Item
5.02
|
Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
|
No events
to report.
Item
5.03
|
Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
|
No events to report.
Item
5.04
|
Temporary
Suspension of Trading Under Registrant’s Employee Benefit
Plans.
|
No events to report.
Item
5.05
|
Amendments
to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code
of Ethics.
|
No events to report.
Item
5.06
|
Change
in Shell Company Status.
|
No events to report.
SECTION
6
|
ASSET-BACKED
SECURITIES
|
Item
6.01
|
ABS
Informational and Computational
Material.
|
No events to report.
Item
6.02
|
Change
of Servicer or Trustee.
|
No events to report.
Item
6.03
|
Change
in Credit Enhancement or Other External
Support.
|
No events to report.
Item
6.04
|
Failure
to Make a Required Distribution.
|
No events to report.
Item
6.05
|
Securities
Act Updating Disclosure.
|
No events to report.
Item
7.01
|
Regulation
FD Disclosure.
|
No events to report.
No events
to report.
SECTION
9
|
FINANCIAL
STATEMENTS AND EXHIBITS
|
Item
9.01
|
Financial
Statements and Exhibits.
|
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.
SYNTEC
BIOFUEL INC.
/s/
Michael Jackson
|
Michael
Jackson, CEO
|
May
1, 2009
|
Date
|
Syntec Biofuel (GM) (USOTC:SYBF)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Syntec Biofuel (GM) (USOTC:SYBF)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024