-----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, LXVrV7Awvt+L/tjVkf+D20PqUiDIvHlHQrE3JRfJoev1E4bh+HeIdXY8J2FGutLD Tbaly/d+7uHk3jp72g0BOQ== 0001010549-06-000520.txt : 20060802 0001010549-06-000520.hdr.sgml : 20060802 20060802110552 ACCESSION NUMBER: 0001010549-06-000520 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060801 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060802 DATE AS OF CHANGE: 20060802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRIC & GAS TECHNOLOGY INC CENTRAL INDEX KEY: 0000785819 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 752059193 STATE OF INCORPORATION: TX FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14754 FILM NUMBER: 06996680 BUSINESS ADDRESS: STREET 1: 3233 W. KINGSLEY CITY: GARLAND STATE: TX ZIP: 75041 BUSINESS PHONE: 972-840-3223 MAIL ADDRESS: STREET 1: 3233 W. KINGSLEY CITY: GARLAND STATE: TX ZIP: 75041 8-K 1 elgt8k080106.txt 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 August 1, 2006 (Date of earliest event reported) Commission file number: 014754 ELECTRIC AND GAS TECHNOLOGY, INC. (Exact name of small business issuer as specified in its charter) TEXAS 75-2059193 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 3233 W. Kingsley, Garland, Texas 75041 (Address of principal executive offices) (972) 840-3223 (Issuer's telephone number) NOT APPLICABLE (Former name, former address and former fiscal year, if changed since last report) ITEM 2.01 - COMPLETETION OF ACQUISITION OR DISPOSITION OF ASSETS On July 27, 2006, Electric & Gas Technology, Inc. (ELGT) received financing of $3,250,000 from Government Personnel Mutual Life Insurance Company (GPM) headquartered in San Antonio, Texas. The financing is in connection with ELGT's 144,000 square foot manufacturing facility and corporate offices located in Garland, Texas. The transaction completes the purchase option of the real estate from affiliate, Interfederal Capital, Inc. (ICI). ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES In conjunction with the closing on the facility in Garland, Texas, ICI has made an equity investment in ELGT in the amount of $665,000. The equity is in the form of 3% Cumulative Preferred Stock which is convertible to ELGT common stock based on a two hundred day trailing average closing price of the ELGT common stock. The use of proceeds is for general working capital requirements. ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of Businesses Acquired. None (b) Pro Forma Financial Information. None (c) Shell Company Transactions. None (d) Exhibits None Electric & Gas Technology, Inc. (Registrant) Date: August 2, 2006 By: /s/ George M. Johnston ------------------------------- George M. Johnston Vice President & Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----