8-K 1 t8k-8848.txt 8-K 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, 2006 ---------------- IELEMENT CORPORATION --------------------------------------------------------- (Exact name of registrant as specified in its charter) NEVADA 000-29331 76-0270295 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 17194 Preston Road, Suite 102, PMB 341, Dallas, TX 75248 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 254-3440 -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) [ ] 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. These securities were issued without registration in reliance upon the exemption provided by Section 4(2) of the Securities Act of 1933 and/or Regulation D. The shares were issued in exchange for services rendered and as compensation. The Board of Directors approved the delivery of the shares to each recipient on January 23, 2006, except for the shares issued to John Fox, Donald Kennedy and Stefan Muller which were approved for issuance on December 27, 2005.
---------------------------------------- ---------------- ------------------ --------------------- SHARES ISSUED TO: PER SHARE NUMBER OF SHARES AGGREGATE VALUE OF VALUE ISSUED SHARES ISSUED ---------------------------------------- ---------------- ------------------ --------------------- ---------------------------------------- ---------------- ------------------ --------------------- Duane Morris, LLP $.050 880,000 $44,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Palladian Capital Partners,LLC $.040 2,200,000 $88,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Palladian Capital Partners,LLC $.040 300,000 $12,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Tim Dean-Smith $.050 1,680,000 $84,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Susan Walton $.050 400,000 $20,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Jeremy Dean-Smith $.050 1,800,000 $90,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Dolphin Capital $.050 2,900,000 $145,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Isaac de la Pena $.050 150,000 $7,500.00 ---------------------------------------- ---------------- ------------------ --------------------- Misty Starke $.040 500,000 $20,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Brett Jensen $.035 200,000 $7,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Jeff Wilson $.035 714,286 $25,000.01 ---------------------------------------- ---------------- ------------------ --------------------- Vista Capital $.070 1,000,000 $70,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Stonegate Ventures $.060 1,000,000 $60,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Yock Investments $.060 1,000,000 $60,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Jurgen Popp $.060 1,000,000 $60,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Global Equity Trading & Finance, Ltd. $.040 250,000 $10,000.00 ---------------------------------------- ---------------- ------------------ --------------------- John Fox $.050 100,000 $5,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Donald Kennedy $.050 20,000 $1,000.00 ---------------------------------------- ---------------- ------------------ --------------------- Stefan Muller $.060 1,000,000 $60,000.00 ---------------------------------------- ---------------- ------------------ --------------------- ---------------------------------------- ---------------- ------------------ --------------------- TOTAL 17,094,286 $868,500.01 ---------------------------------------- ---------------- ------------------ ---------------------
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. Date: January 27, 2006 IELEMENT CORPORATION By: /s/ Ivan Zweig Name: Ivan Zweig Title: Chief Executive Officer