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): June 26, 2010
SINGLE TOUCH SYSTEMS INC.
(Exact name of registrant as specified in its charter)
Delaware | 33-73004 | 13-4122844 | ||
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(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | ||
of incorporation) | Identification No.) | |||
2235 Encinitas Blvd, Suite 210 | ||||
Encinitas, California | 92024 | |||
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(Address of principal executive offices) | (Zip Code) |
(760) 438-0100
(Registrants telephone number, including area code)
(Former name and 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 3 Securities and Trading Markets Item 3.02 Unregistered Sales of Equity Securities.
In May of 2010 The Company received $906,000 from the sale of 2,448,648 common shares to twenty five individual investors.
In June of 2010 The Company received $1,000 from the exercise of warrants 100,000 for common shares from one individual who is a Director of the Company.
In June 2010, the Company issued 1,607,251 common shares in consideration for settlement of $535,585 plus accrued interest and any other claims related cash advances made to the company from three entities and one individual who is also a Director of the Company.
Proceeds from these financing activities were used for the payment of debt obligations and general operating expenses.
All sales were issued as exempted transactions under Section 4(2) of the Securities Act of 1933 and are subject to Rule 144 of the Securities Act of 1933. The recipient(s) of our securities took them for investment purposes without a view to distribution. Furthermore, they had access to information concerning our Company and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144.
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SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SINGLE TOUCH SYSTEMS INC. |
By: s\ Anthony Macaluso Name: Anthony Macaluso Title: President |
Dated: June 29, 2010 |
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