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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tianci International Inc (PK) | USOTC:CIIT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.54 | -19.64% | 2.21 | 2.16 | 3.70 | 3.40 | 2.21 | 2.75 | 2,460 | 19:09:19 |
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): April 28, 2015
FREEDOM PETROLEUM, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-184061 45-5440446 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 650 Poydras Street, Suite 1400 Office 15, New Orleans, LA 70130 Address of principal executive offices) (Zip Code) |
Registrant's telephone number, including area code: (504) 799-2250
(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)
[ ] 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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On October 15, 2014, Freedom Petroleum, Inc. (the "Company") filed a Current Report on Form 8-K to disclose its entry into a Purchase and Sale Agreement with Shalex Corporation ("Shalex") (the "Agreement"). Since entering into the Agreement, the oil market has declined. Reviewing the markets with investor appetite and management's duties to its shareholders, the Company determined that it is not the best time to move ahead with the type of oil exploration venture contemplated by the Agreement. Accordingly, on April 28, 2015, Shalex and the Company signed a letter agreeing to mutually terminate the Agreement. A copy of the letter agreement is attached as exhibit 10.1 to this Report. Following termination, the parties will not have any further liability to each other.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description ----------- ----------- 10.1 Termination Letter Agreement between Freedom Petroleum, Inc., and Shalex Corporation |
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.
Dated: April 28, 2015 Freedom Petroleum, Inc. By: /s/ Anton Lin ------------------------------- Anton Lin, CEO |
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