8-K 1 v441138_8k.htm FORM 8-K

 

 

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

 

May 23, 2016

Date of Report (Date of earliest event reported)

 

Searchlight Minerals Corp.

(Exact name of Registrant as specified in its charter)

 

Nevada   000-30995   98-0232244
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
of incorporation)       Identification No.)

 

2360 W. Horizon Ridge Pkwy., Suite #100, Henderson, Nevada 89052

(Address of principal executive offices)

(Zip Code)

 

(702) 939-5247

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 (see General Instruction 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))

 

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Item 3.02      Unregistered Sales of Equity Securities.

  

Completion of Private Placement

 

On May 23, 2016, Searchlight Minerals Corp., a Nevada corporation (“we,” “us,” “our” or the “Company”), completed a private placement (the “Offering”) of our securities to 29 accredited investors (the “Investors”). The securities were issued and sold in reliance on exemptions from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and Rule 506 of Regulation D thereunder. In the Offering, we sold 28,251,430 shares (“Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at a purchase price of $0.035 per Share, resulting in aggregate gross proceeds to us of $988,800. In connection with the Offering, we entered into a subscription agreement with each Investor. We intend to use the net proceeds from the Offering for general working capital purposes. 

 

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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.

  

  SEARCHLIGHT MINERALS CORP.
   
Dated: May 26, 2016 By:  /s/ Martin B. Oring
    Martin B. Oring
Chief Executive Officer