0001477932-18-000997.txt : 20180223 0001477932-18-000997.hdr.sgml : 20180223 20180223100707 ACCESSION NUMBER: 0001477932-18-000997 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180221 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180223 DATE AS OF CHANGE: 20180223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MMEX Resources Corp CENTRAL INDEX KEY: 0001440799 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819] IRS NUMBER: 261749145 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55831 FILM NUMBER: 18634979 BUSINESS ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 BUSINESS PHONE: 855-880-0400 MAIL ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 FORMER COMPANY: FORMER CONFORMED NAME: MMEX Mining Corp DATE OF NAME CHANGE: 20110223 FORMER COMPANY: FORMER CONFORMED NAME: Management Energy, Inc. DATE OF NAME CHANGE: 20090716 FORMER COMPANY: FORMER CONFORMED NAME: MGMT ENERGY, INC. DATE OF NAME CHANGE: 20090303 8-K 1 mmex_8k.htm FORM 8-K mmex_8k.htm

  

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d)

OFTHE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 21, 2018

 

MMEX RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

  

Nevada

 

333-152608

 

26-1749145

(State of

incorporation)

 

(Commission File

Number)

 

(IRS Employer

Identification Number)

 

3616 Far West Blvd., #117-321

Austin, Texas 78731

(Address of principal executive offices)

 

Registrant's telephone number, including area code: (855) 880-0400

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act

 

o Soliciting material pursuant to Rule 14a-12 of the Exchange Act

 

o Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act

 

o Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 

 
 
 
 

Item 3.02 Unregistered Sales of Equity Securities

 

On February 21, 2018, we closed a financing with Power Up Lending Group Ltd. for a 8% convertible note in the principal amount of $83,000. After deducting $3,000 of lender expenses, the financing provided $80,000 of net proceeds to us. The holder of the note, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 39% discount from the average of the two lowest trading price during the 20 days prior to conversion. The Company may prepay the note at a 20% redemption premium during the first 30 days after issuance, increasing in 5% increments each 30 day period thereafter until 180 days from issuance, after which the note may not be prepaid. The note also contains penalty provisions in the event of our default in repayment of the note (if not converted by the holder into shares of common stock) on the maturity date of November 30, 2018.

 

Any issuance of the shares upon conversion of the note will be exempt from registration pursuant to the exemption provided by Section 4(2) of the Securities Act of 1933.

 

Item 7.01 Regulation FD Disclosure

 

On February 21, 2018, we issued a press release regarding two developments regarding our planned refinery project: the commencement of road construction to the project and the entering of a transportation agreement with Penta Petro. A copy of the press release is filed as Exhibit 99.1 to this report.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits 

 

99.1

 

Press Release dated February 21, 2018

 

 

 2

 
 

 

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.

 

 

 

MMEX Resources Corporation
       
Date: February 23, 2018 By: /s/ Jack W. Hanks

 

 

 Jack W. Hanks  
    President and Chief Executive Officer  

 

 

 3

 

 EX-99.1 2 mmex_ex991.htm PRESS RELEASE mmex_ex991.htm

EXHIBIT 99.1

 

FORT STOCKTON, Texas (PRWEB) February 21, 2018

 

MMEX Resources Corp. (OTCQB: MMEX) today announced that it has commenced the road construction on its easement acquired from the University of Texas Lands accessing the project sites for the two separate phases of its refinery project in Pecos County, Texas, a 10,000 BPD Crude Distillation Unit and 100,000 BPD full-scale refinery project. MMEX further announced that it has entered into a transportation agreement for trucking services in the Permian Basin with Penta Operating, LLC, operating as Penta Petro to transport refined products from the project’s first phase, initially its naphthas, to ultimate customers.

 

MMEX entered into its easement with the University of Texas System to build a new access road to its project site locations from the paved county road approximately 20 miles northeast of Ft. Stockton, Pecos County, Texas. This construction will provide for truck traffic access to the MMEX refinery projects for construction, and then at commercial operation to ultimate markets in the Permian Basin. The construction of the easement road will commence immediately and expected to be completed within two weeks.

 

Penta Petro, based in Midland, Texas (http://www.pentapetro.com), is a leading provider of common carrier services focusing on transportation of all refined products, biodiesel and ethanol fuels in the Permian Basin serving West Texas and Eastern New Mexico.

 

Jack W. Hanks, President and CEO of MMEX Resources Corp., commented, “MMEX is very pleased to announce these two additional milestones in our development of the crude oil refinery project. Our easement road construction is a critical component for accessing the site during construction and upon commercial operation, providing access to markets. Penta Petro is the trucking leg of our marketing plan, and along with rail, will provide transportation services to our ultimate customers. Along with our EPC announcement from last week, today’s announcements mark significant continued progress for the project. Moving forward, we are beginning to look at housing options for both construction and permanent workers which will include the development and building of facilities.”

 

About MMEX Resources Corp.

 

MMEX Resources Corporation (MMEX), a development stage company, is focused on building crude oil refining facilities in the Permian Basin in West Texas. For more information about MMEX, visit http://www.mmexresources.com.

 

Media Inquiries

Morgan Moritz

(512) 448-4950

mmoritz(at)piercom.com  

 

 
1
 
 

 

MMEX Investor Inquiries

Investor Relations

1.855.880.0400

investorrelations(at)mmexresources.com

 

The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note that MMEX undertakes no obligation to update forward-looking statements.

 

 

2