0001127855-14-000378.txt : 20140818 0001127855-14-000378.hdr.sgml : 20140818 20140818160812 ACCESSION NUMBER: 0001127855-14-000378 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140812 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20140818 DATE AS OF CHANGE: 20140818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MINERALRITE Corp CENTRAL INDEX KEY: 0001096296 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 770517966 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27739 FILM NUMBER: 141049135 BUSINESS ADDRESS: STREET 1: 7044 PORTAL WAY STREET 2: UNIT K-110 CITY: FERNDALE STATE: WA ZIP: 98248 BUSINESS PHONE: (403) 288-4321 MAIL ADDRESS: STREET 1: 7044 PORTAL WAY STREET 2: UNIT K-110 CITY: FERNDALE STATE: WA ZIP: 98248 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL QUANTUM GROUP INC DATE OF NAME CHANGE: 20061120 FORMER COMPANY: FORMER CONFORMED NAME: PLATINUM SUPERYACHTS INC DATE OF NAME CHANGE: 20040326 FORMER COMPANY: FORMER CONFORMED NAME: MENTOR ON CALL INC DATE OF NAME CHANGE: 20000222 8-K 1 mineralrite8k081214.htm MINERALRITE 8K, 08.12.14 mineralrite8k081214.htm
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):   August 12, 2014
 
MineralRite Corporation
(Exact name of Registrant as Specified in its Charter)
 
Nevada
000-27739
90-0315909
  (State or Other Jurisdiction of
Incorporation or Organization) 
(Commission file number)
(I.R.S. Employer
Identification Number)
 
55 South Geneva Road
  Lindon, Utah  84042
 (Address of Principal Executive Offices including Zip Code)
 
(801) 796-8944
 (Registrant’s Telephone Number, including Area Code)
 
_____________________________________________
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:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
 
During the period commencing July 30, 2014 through August 12, 2014 the MineralRite Corporation, a Nevada corporation (the “Company”)  issued 59,590,029 common shares to reduce debt on convertible promissory notes and account payable balances in the amount of $23,073.48.  The issued and outstanding common shares of the Company at the beginning of the period commencing July 30, 2014 was 342,134,341 and for the period ending August 12, 2014 the issued and outstanding common shares of the Company was 401,724,370 .

The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) for the private placement of these securities pursuant to Section 3(a) and 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transaction does not involve a public offering, the Investor is an “accredited investor” and/or qualified institutional buyer, the Investor has access to information about the Company and its investment, the Investor will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer of the securities.
 
 
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.
 
 
Dated: August 18, 2014 MINERALRITE CORPORATION  
       
 
By:
/s/ Guy Peckham  
  Name: Guy Peckham  
  Title: Chief Executive Officer