SEC Form 4 · accession 0001010412-15-000051
Oakridge Global Energy Solutions, Inc. · OGES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 26, 2015 | P | 540,000 | $0.25 | A | 142,953,888 | D | |
| Common StockF2 | holding | — | — | — | 143,703,888 | D |
Table II — derivative securities
Explanation of responses
- F1On March 26, 2015, Precept, on behalf of Prescient Fund, entered into a Private Placement Subscription Agreement (the "March 2015 Subscription Agreement") and was accepted by the Board on April 1, 2015, to purchase 540,000 shares of the Issuer's Common Stock at a price of twenty five cents ($0.25) per share, for an aggregate purchase price of $135,000. Payment for these shares was received on March 26, 2015 and these shares will be issued directly.
- F2Stephen J. Barber's direct ownership is 750,000 shares and his indirect ownership was increased by the March 2015 Subscription Agreement of 540,000 shares.
Remarks
On December 5, 2014, the Issuer entered into a binding Letter of Intent whereby Precept has agreed to sell and the Issuer has agreed to purchase 11,000,000 shares of Leclanche for approximately 78,763,725 shares of the Issuer's Common Stock, subject to certain conditions outlined in the Letter of Intent to be set forth in the Definitive Agreement as defined therein. This transaction has not been completed though the Definitive Agreement has been executed. For additional information, see the Issuer's 8-K Current Report dated December 5, 2014, which was filed with the SEC on December 11, 2014, and its 8K/A-1 Current Report dated December 5, 2014, which was filed with the SEC on February 6, 2015.