
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Plastic2Oil Inc (PK) | USOTC:PTOI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.000395 | 10.12% | 0.0043 | 0.0025 | 0.005 | 0.0043 | 0.0043 | 0.0043 | 14,650 | 21:30:47 |
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 6, 2018
Plastic2oil, Inc.
(Exact name of registrant as specified in its charter)
Nevada | 000-52444 | 90-0822950 |
(State or Other Jurisdiction | (Commission | (I.R.S. Employer |
of Incorporation) | File Number) | Identification No.) |
20 Iroquois Street, Niagara Falls, NY 14303
(Address of Principal Executive Offices) (Zip Code)
716-278-0015
(Registrant’s telephone number, including area code)
N/A
(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 1.01 |
Entry into a Material Definitive Agreement.
On July 6, 2018, Plastic2Oil, Inc., a Nevada corporation (the “Company”), executed a promissory note in favor of Hess Millwork Limited, a company owned by Mr. Lee Brain, , a director of the Company, to memorialize various advances, in the amount of $50,000 in total, . The promissory note bears interest at the rate of 4% per annum. All principal and interest on the promissory note is due and payable in full by the Company on demand. The repayment of promissory note will be secured by a mortgage on the Company’s blending site in Thorold, Ontario Canada. It is anticipated that the proceeds of these advances will be used for working capital purposes. The foregoing summary of the promissory note does not purport to be complete and is qualified in its entirety by reference to the actual promissory note, a copy of which is attached to this Report as Exhibit 10.1. |
SECTION 2 — FINANCIAL INFORMATION
Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure contained in Item 1.01 of this Report is incorporated herein by reference. |
SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 |
Financial Statements and Exhibits.
(d) Exhibits. The exhibits required by this item are listed on the Exhibit Index hereto. |
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.
Plastic2oil, Inc. | ||
By | /s/ Richard Heddle | |
Name: | Richard Heddle | |
Title: | Chief Executive Officer |
Date: July 12, 2018
INDEX TO EXHIBITS
Exhibit No. | Description | |
10.1 | Demand Note |
1 Year Plastic2Oil (PK) Chart |
1 Month Plastic2Oil (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions