Current Report Filing (8-k)
February 29 2016 - 11:39AM
Edgar (US Regulatory)
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): January 25, 2016
Precious Investments, Inc.
(Exact name of registrant as specified in its charter)
Nevada |
333-119848 |
90-0338080 |
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification
No.) |
133 Richmond
Street West, Suite 310
Toronto
Ontario, Canada |
M5H-2L3 |
(Address
of principal executive offices) |
(Zip
Code) |
Registrant’s telephone number,
including area code: 416-878-3377
___________________________________________________
(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 (17CFR 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 8 – Other Events
Item 8.01 Other Events
As previously disclosed, we acquired
from Kashif Khan, our COO and director, colored diamonds with a wholesale value of $4,000,000 (the “Assets”) pursuant
to a Diamond Purchase Agreement. We had indicated in a press release dated January 25, 2016, that the Assets were insured by Lloyds
of London. We are filing this Current Report on Form 8-K to clarify that the Assets were not insured by Lloyds of London, but
rather, Jewelers Mutual Insurance Company insured the Assets at the time. This policy with a coverage of $6,000,000 on the Assets
held at 1101-21 Dundas Sq. Toronto, ON MB51B7 is attached hereto as Exhibit 99.1.
When discussing the policy, Khan
misinterpreted which company would be the underwriter of the insurance in a conversation with the insurance broker that put the
policy together. Lloyds of London never insured the Assets. The attached policy is still in effect as of the date of this Current
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.
Precious Investments, Inc.
/s/ Nataliya Hearn
Nataliya Hearn
ChiefExecutive Officer
Date: Febuary 29, 2016
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