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): December 7, 2018
LIVE CURRENT MEDIA INC.
(Exact name of registrant as specified in its charter)
| NEVADA | 000-29929 | 88-0346310 |
| (State or other jurisdiction of incorporation) | (Commission File | (IRS Employer Identification No.) |
| Number) |
| 1130 West Pender Street, Suite 820, | |
| Vancouver, BC Canada | V6E 4A4 |
| (Address of principal executive offices) | (Zip Code) |
| Registrant's telephone number, including area code | (604) 648-0515 |
N/A
(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:
[ ] 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Extension of LOI
Live Current Media Inc. (the “Company”) and Cell MedX Corp. (“Cell MedX”) have agreed to extend the terms of their letter of intent (the “LOI”) for the acquisition of exclusive worldwide distribution rights to the eBalance microcurrent device. The Company and Cell MedX have agreed to extend the period for negotiation of a definitive agreement for an additional 90 days past the date of the extension agreement. A copy of the signed extension agreement is attached as Exhibit 10.2 to this report.
A copy of the Company’s news release with respect to the LOI is attached as Exhibit 99.1 to this report.
ITEM 8.01 OTHER EVENTS.
Grant of Options Outside of 2018 Stock Option Plan
On December 10, 2018, Live Current Media Inc. granted stock options for the purchase of up to 100,000 shares of the Company’s common stock to an investor relations consultant of the Company. The options granted are outside of the Company’s 2018 Stock Option Plan, and have an exercise price of $0.10 per share, expiring 18 months after the grant date.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 |
Letter of Intent between Live Current Media Inc. and Cell MedX Corp. dated September 10, 2018(1) | |
| 10.2 | ||
| 99.1 |
(1) Filed as an exhibit to the Company’s Current Report on Form 8K, filed on September 20, 2018.
SIGNATURE
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.
LIVE CURRENT MEDIA INC.
Date: December 12, 2018
| By: | /s/ David M. Jeffs | |
| David M. Jeffs | ||
| Chief Executive Officer |
LIVE CURRENT MEDIA INC. ANNOUNCES EXTENSION TO LETTER OF INTENT TO DISTRIBUTE EBALANCE DEVICE.
Vancouver, British Columbia, Canada December 11, 2018, Live Current Media Inc. (“Live Current” or the “Company”) (OTCQB: LIVC) announces that it has agreed with Cell MedX Corp. (“CMXC”) to extend the Letter of Intent (the “LOI”) signed by the companies on September 10, 2018, for an additional 90-day period. Pursuant to the LOI, CMXC and LIVC have entered into negotiations aimed at obtaining a definitive agreement involving exclusive worldwide distribution rights to the ebalance device for home-based usage.
About Live Current Media Inc.
Live Current builds consumer Internet experiences around its portfolio of domain names. Live Current’s current business strategy is to develop, or to seek partners to develop, its domain names to include content, commerce and community applications.
On behalf of the board of directors of Live Current Media Inc.
David Jeffs, CEO & Director
For more information please contact:
david@livecurrent.com
All statements in this press release that are not statements of historical fact are forward-looking statements, including any projections of growth, earnings, revenue, cash or other financial items, any statements of the plans, strategies, objectives and goals of management for future operations, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions particularly as they relate to demand for our products and services; competitive factors; changes in operating expenses; our ability to raise capital as and when we need it and other factors. Live Current Media Inc. assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so.