8-K 1 georgiaex8k012407.htm GEORGIA EXPLORATION FORM 8-K CC Filed by Filing Services Canada Inc. 403-717-3898



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):  January 22, 2007



GEORGIA EXPLORATION, INC.

(Exact name of registrant as specified in its charter)


000-52309   

(Commission File Number)


Nevada

   

98-0489324

(State or other jurisdiction

(IRS Employer

of incorporation)

Identification No.)


4801 Woodway Drive, Suite 306, Houston, Texas, 77056

(Address of principal executive offices) (Zip Code)


 (713) 355-7001

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):


p Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


p Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


p Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


p 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


On January 22, 2007, Georgia Exploration, Inc., issued 3,205,000 units at a price of $1.00 per unit, with each unit consisting of a share in the common stock of Georgia, one Class A warrant, and one Class B warrant, for aggregate proceeds of $3,205,000.  Each Class A warrant may be exercised at a price of $2.00 for a period of 3 years to acquire one additional share of Georgia.  Each Class B warrant may be exercised at a price of $3.00 for a period of 3 years to acquire one additional share or Georgia.  The securities were sold to non-US persons pursuant to Regulation S and to an accredited investor pursuant to Rule 506 of Regulation D under the Securities Act of 1933.  The securities are restricted securities pursuant to Rule 144.


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.




 

 

 

Georgia Exploration, Inc.

Date

 January 24, 2007

 

(Registrant)

 

 

 


 /s/ Don Sytsma

 

 

 

Don Sytsma, President