Current Report Filing (8-k)
30 5월 2019 - 6:16AM
Edgar (US Regulatory)
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):
May 24, 2019
TWO
RIVERS WATER & FARMING COMPANY
(Exact
name of registrant as specified in its charter)
Colorado
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000-51139
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13-4228144
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(State
or Other Jurisdiction of
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(Commission
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(I.R.S.
Employer
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Incorporation
or Organization)
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File
Number)
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Identification
No.)
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3025
S Parker Rd, Ste 140, Aurora, CO 80014
(Address
of principal executive offices) (Zip code)
Registrant’s
telephone number, including area code:
(303) 222-1000
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule
12b-2 of the Securities Exchange Act of 1934.
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01.
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Entry
into a Material Definitive Agreement
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On
May 24, 2019, we entered into separate securities purchase agreements, or the purchase agreements, with two investors pursuant
to which we received $480,000 in cash, which we intend to use for the payment of outstanding indebtedness and accounts payable
and for working capital.
Pursuant
to the purchase agreements, we issued convertible promissory notes, or the notes, having a total principal amount of $525,000.
Each of the notes has a one-year term and bears interest at the rate of 10% per annum. We sold the notes for an aggregate purchase
price of $525,000, less $45,000 for payment for legal fees and original issue discount. Each of the notes is convertible into
common stock at a price equal to 60% of the trailing market price of common stock (representing a discount of 40%). The minimum
conversion price for each note is $0.20 per share unless and until such time, if any, as we do not make a principal and interest
payment when due with respect to the note.
The
foregoing description does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the
purchase agreements and the notes, which are included as Exhibits 10.1 through 10.4 to this report and are incorporated herein
by reference.
On
May 28, 2019, we issued a press release announcing that we had entered into the purchase agreements and the notes agreement. A
copy of the press release is included as Exhibit 99.1 to this report.
Item
9.01
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Financial
Statements and Exhibits
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Exhibit
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Description
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10.1
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Securities Purchase Agreement dated May 21, 2019, between Two Rivers Water & Farming Company and Morningview Financial, LLC
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10.2
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Convertible Promissory Note dated May 21, 2019 of Two Rivers Water & Farming Company issued to Morningview Financial, LLC
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10.3
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Securities Purchase Agreement dated May 21, 2019, between Two Rivers Water & Farming Company and Auctus Fund, LLC
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10.4
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Convertible Promissory Note dated May 21, 2019 of Two Rivers Water & Farming Company issued to Auctus Fund, LLC
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99.1
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Press release of Two Rivers Water & Farming Company dated May 28, 2019
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be filed on its behalf
by the undersigned hereunto duly authorized.
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Two
Rivers Water & Farming Company
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Dated:
May 29, 2019
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By:
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/s/
Wayne Harding
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Wayne
Harding
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Chief
Executive Officer
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