-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Cib1E18scIJ4+NEjkh2iKvcPJTsb3RNCenCGnbX/XFvVAAFOurjHOknCmR6jpZBJ 7kgQApzhES7LpgyMUct2Xw== 0001398432-10-000586.txt : 20100927 0001398432-10-000586.hdr.sgml : 20100927 20100927063707 ACCESSION NUMBER: 0001398432-10-000586 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100920 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20100927 DATE AS OF CHANGE: 20100927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Propell Corporation. CENTRAL INDEX KEY: 0001434110 STANDARD INDUSTRIAL CLASSIFICATION: COATING, ENGRAVING & ALLIED SERVICES [3470] IRS NUMBER: 261856569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53488 FILM NUMBER: 101089789 BUSINESS ADDRESS: STREET 1: 336 BON AIR CENTER STREET 2: NO. 352 CITY: GREENBRAE STATE: CA ZIP: 94904 BUSINESS PHONE: 415-747-8775 MAIL ADDRESS: STREET 1: 336 BON AIR CENTER STREET 2: NO. 352 CITY: GREENBRAE STATE: CA ZIP: 94904 8-K 1 i11033.htm Propell 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

Date of Report (Date of earliest event reported):  September 20, 2010

______________

PROPELL CORPORATION

(Exact name of registrant as specified in its charter)

______________


 

 

 

Delaware

000-53488

26-1856569

(State or Other Jurisdiction

(Commission

(I.R.S. Employer

of Incorporation)

File Number)

Identification No.)


336 Bon Air Center, No. 352

Greenbrae, CA  94904

 (Address of Principal Executive Office) (Zip Code)

(415) 747-8775

(Registrant’s telephone number, including area code)

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 1.02.        Termination of a Material Definitive Agreement.


Propell’s contemplated merger with Designbyhumans.com did not close by the September 15, 2010, the deadline defined in the Merger Agreement, due to a delay in obtaining required financing and as such the agreement terminated. The Company’s financing efforts are continuing and Propell plans to resume merger negotiations when such financing is consummated. Since the original contract is no longer in effect, Propell expects to renegotiate the terms of the contract at that time.



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:  September 23, 2010

PROPELL CORPORATION

 

 

  

 

 

 

 

By:  

/s/ Edward Bernstein

 

Name:

Edward Bernstein

 

Title:

Chief Executive Officer


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