Current Report Filing (8-k)
March 28 2017 - 10:47AM
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):
March 22, 2017
GOLD
TORRENT, INC.
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Nevada
|
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000-53872
|
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06-1791524
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
|
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(IRS
Employer
Identification
No.)
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960
Broadway Avenue, Suite 530, Boise, Idaho 83706
(Address
of principal executive offices)
(208)
3434-1413
(Registrant’s
telephone number, including area code)
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
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
[ ] 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))
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Item
3.02.
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Unregistered
Sales of Equity Securities and Options.
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On
March 22, 2017, Gold Torrent, Inc. (the “Registrant”) authorized the issuance of Four Million (4,000,000) shares of
its common stock, par value $0.001 per share (the “Common Stock”) to certain members of the Company’s management
and technical team for their outstanding service to the Company (the “Share Awards”).
Also
on March 22, 2017, the Company authorized options (the “Options”) to purchase Three Million (3,000,000) shares of
Common Stock (the “Option Shares”) to officers, directors, key employees and managers in order to compensate, retain
and incentivize such personnel. The Options are exercisable for five years and vest equally over three years with one-third of
the number of Option Shares vesting immediately.
On
March 22, 2017, the Company issued 2,175,000 of said options. 1,775,000 of the Options are exercisable at $0.50 per share and
the 400,000 options issued to Daniel Kunz, the Company’s Chief Executive Officer, are exercisable at $0.55 per share.
The
Share Awards and Options were issued without registration under the Securities Act of 1933, as amended (the “Securities
Act”) in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act. The Shares have not been registered
under the Securities Act or any other applicable securities laws, and unless so registered, may not be offered or sold in the
United States except pursuant to an exemption from the registration requirements of the Securities Act.
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 thereunto duly authorized.
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GOLD
TORRENT, INC.
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Date:
March 28, 2017
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By:
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/s/
Daniel Kunz
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Name:
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Daniel
Kunz
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Title:
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Chairman,
Chief Executive Officer
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