8-K 1 txsouth8k120213.htm txsouth8k120213.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:  December 2, 2013
Texas South Energy, Inc.
(Exact name of registrant as specified in its charter)
 
Nevada
333-171064
99-0362471
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
3 Riverway, Suite 1800
Houston, TX 77056
(Address of principal executive offices and Zip Code)
 
Registrant's telephone number, including area code: (713) 209-2950
 
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 CFR240.14d-2(b))
 
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12)
 
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
 
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

 
 

 

Item 3.02 Unregistered Sales of Equity Securities

In connection with an initial closing of a private placement of its common stock, on December 2, 2013, Texas South Energy, Inc. (the “Company”) issued an aggregate of 23,480,004 shares of its common stock at a purchase price of $0.05 per share receiving gross proceeds of $1,174,000.  The issuance of these shares of common stock gives effect to our 3-for-1 forward common stock split effective November 12, 2013.  The Company intends to use the proceeds from the private placement for general corporate purposes.

The issuance of the shares described above was made without registration under the Securities Act of 1933, as amended (the “Act”), in reliance on the exemptions provided by Section 4(a)(2) of the Act, Regulation D under the Act, Regulation S under the Act and in reliance on similar exemptions.  No advertising or general solicitation was made in connection with the sale and issuance of the Company’s common stock.
 
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 thereunto duly authorized.
  
Date:  December 4, 2013
 
 
TEXAS SOUTH ENERGY, INC.
   
 
By:
/s/James Askew
   
James M. Askew
   
Chief Executive Officer