-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LOqdy+4bXt8+H9+zrZeE8qmNfgMGJcURyurzkVdwXzX9ZCGhO4fgRzf+7XGRh7Eo 2rKRMhXlT/iGQYotTRX7OA== 0001019687-08-000415.txt : 20080201 0001019687-08-000415.hdr.sgml : 20080201 20080201171428 ACCESSION NUMBER: 0001019687-08-000415 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080123 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20080201 DATE AS OF CHANGE: 20080201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IElement CORP CENTRAL INDEX KEY: 0001043105 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 760270295 STATE OF INCORPORATION: NV FISCAL YEAR END: 0307 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29331 FILM NUMBER: 08569521 BUSINESS ADDRESS: STREET 1: PO BOX 279 CITY: LYNDEBOROUGH STATE: NH ZIP: 03082 BUSINESS PHONE: 603-654-2488 MAIL ADDRESS: STREET 1: PO BOX 279 CITY: LYNDEBOROUGH STATE: NH ZIP: 03082 FORMER COMPANY: FORMER CONFORMED NAME: MAILKEY CORP DATE OF NAME CHANGE: 20040607 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL DIVERSIFIED ACQUISITION CORP DATE OF NAME CHANGE: 20030625 FORMER COMPANY: FORMER CONFORMED NAME: SUTTON TRADING SOLUTIONS INC DATE OF NAME CHANGE: 20020925 8-K 1 ielement_8k-012308.htm IELEMENT CORPORATION ielement_8k-012308.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 reported)   January 23, 2008
 
 IELEMENT CORPORATION
_______________________________________________
(Exact name of registrant as specified in its charter)
 
Nevada
000-29331
76-0270295
(State or other jurisdiction of incorporation)
 
(Commission File Number)
(IRS Employer Identification No.)

P.O. Box 279, Lyndeborough, New Hampshire, 03082 ____________
(Address of principal executive offices)                            (Zip Code)
 
Registrant's telephone number, including area code: (603) 654-2488
 
17194 Preston Road, Suite 102, PMB 341, Dallas, TX  75248
             ________________________________________________________________________
 (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 (see General Instructions A.2 below):

[ ] 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))

Item 3.02  Unregistered Sales of Equity Securities

The following sets forth certain sales of unregistered securities since the Company's last periodic report.

On January 22, 2008 the Company issued a total of 3,173,612 post split (50,777,778 pre-split) shares of its common stock to the below recipients in exchange for the release of indebtedness in the total amount of $203,111.  The indebtedness was converted to shares of common stock at per share price of $0.004 pre split as adjusted to $.064 post split.  The shares were issued in reliance on Section 3(9) of the Securities Act of 1933.

 
 
 
 
David S. Eichholz – 312,500 shares
Elizabeth H. Eichholz – 50,000 shares
Daniel A. Eichholz – 53,125 shares
Gail B. Eichholz – 43,750 shares
Greg Hirsch – 62,500 shares
Brent J. Savage – 625,000 shares
Joseph N. Bell, Jr. – 62,500 shares
Chuck Palefsky – 187,500 shares
Daniel Nagelberg – 150,000 shares
Neal Johnson – 312,500 shares
Ron Coutu – 62,500 shares
Benjamin S. Eichholz, as agent – 256,250 shares
Jackqueline German – 9,375 shares
Benjamin S. Eichholz – 546,875 shares
Laurence B. Straus – 156,250 shares
Robert R. Rowley – 234,375 shares
GDBC, Inc. – 204,862

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.
 
 
  IELEMENT CORPORATION  
       
Date: January 30, 2008    
By:
/s/Susan Pursel  
    Name:Susan Pursel  
    Title:  Chief Executive Officer  
       
 
 
 
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