-----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, LSvp68OKAK3VPrGbkK66ODM4isoeZWsYhFt90vVMbVHOVJTqCa422WPbdu5rssmQ UotTpXzLcSlCjSoobGvgpQ== 0001014909-10-000003.txt : 20100125 0001014909-10-000003.hdr.sgml : 20100125 20100125085625 ACCESSION NUMBER: 0001014909-10-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100121 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20100125 DATE AS OF CHANGE: 20100125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FISCHER WATT GOLD CO INC CENTRAL INDEX KEY: 0000844788 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 880227654 STATE OF INCORPORATION: NV FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17386 FILM NUMBER: 10543390 BUSINESS ADDRESS: STREET 1: 2582 TAFT COURT CITY: LAKEWOOD STATE: CO ZIP: 80215 BUSINESS PHONE: 3032320292 MAIL ADDRESS: STREET 1: 2582 TAFT COURT CITY: LAKEWOOD STATE: CO ZIP: 80215 FORMER COMPANY: FORMER CONFORMED NAME: FISCHER WATT GOLD CO INC DATE OF NAME CHANGE: 19991025 FORMER COMPANY: FORMER CONFORMED NAME: FISCHER WATT GOLD CO INC DATE OF NAME CHANGE: 19920703 8-K 1 f8k_21jan2010stockoptions.htm UNITED STATES




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:  January 21, 2010



FISCHER-WATT GOLD COMPANY, INC.

(Exact Name of Registrant as Specified in Charter)



Nevada

(State or other jurisdiction

of incorporation)

0-17386

(Commission

File Number)

88-0227654

(IRS Employer

Identification #)



2582 Taft Court, Lakewood, Colorado  80215

(Address of Principal Executive Office)


(303) 232-0292

(Registrant’s telephone number, including area code)



N/A

(Former name, former address and former fiscal year, if changed since last report)



[  ]

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))






Section 3 – Securities and Trading Markets


Item 3.02.  Unregistered Sales of Equity Securities


A.

Effective January 21, 2010, the Company issued 125,000 unregistered shares of its common stock to two unaffiliated financial consultants in payment of services rendered to the Company valued at $7,500, or $0.06 per share.


In the issuance of these shares of its common stock, the Company relied upon the exemption from registration requirements of Section 5 of the Securities Act of 1933, as amended (the “Securities Act”) and by Regulation D adopted under the Securities Act.  These shares were issued as restricted securities and a legend denoting the restrictions on their transferability under the Securities Act was placed upon the certificates issued to represent the shares.  There was no general solicitation by the Company and the financial consultants had access to material information of the Company.


B.

Effective January 21, 2010, the Company issued 500,000 options to purchase common stock to each of its four directors, Peter Bojtos, William Rapaglia, Gerald Helgeson and James M. Seed, for a total of 2,000,000 options.  The options are immediately exercisable and will expire in five (5) years, or on January 21, 2015. The exercise price of the underlying shares is $0.06 per share.


Additionally, effective January 21, 2010, the Company issued 500,000 options to purchase common stock to Peter Bojtos. The options are immediately exercisable and will expire in five (5) years, or on January 21, 2015. The exercise price of the underlying shares is $0.08 per share.


The 2,500,000 options were issued to the directors of the Company, thus to an "accredited investor" as defined under the Securities Act. The options were, and any shares of the Common Stock of the Company issued upon exercise of the option must be, taken by the directors for investment and not for distribution and as "restricted securities" under the Securities Act. The Company made available to the directors the material information about the Company and its securities, including the information contained in its reports filed under the Securities Exchange Act of 1934. In issuing the options, the Company relied upon the exemption from the registration requirements of Section 5 of the Securities Act provided in Section 4(2) thereof, as a transaction by an Issuer not involving a public offering.


C.

Effective January 21, 2010, the Company issued 1,150,000 options to purchase common stock to five individuals as an incentive for their future superior performance on behalf of the Company.  The options are immediately exercisable and will expire in five (5) years, or on January 21, 2015. The exercise price of the underlying shares is $0.06 per share.


Additionally, effective January 21, 2010, the Company issued 100,000 options to purchase common stock to an individual as an incentive for his future superior performance on behalf the Company. The options are immediately exercisable and will expire in five (5) years, or on January 21, 2015. The exercise price of the underlying shares is $0.30 per share.


In the issuance of these options, the Company relied upon the exemption from registration requirements of Section 5 of the Securities Act and by Regulation D adopted under the Securities Act.  The options were, and any shares of the Common Stock of the Company issued upon exercise of the option must be, taken by the individuals for investment and not for distribution and as "restricted securities" under the Securities Act.  A legend denoting the restrictions on their transferability under the Securities Act was placed upon the instrument issued to represent the options.  There was no general solicitation by the Company and the individuals had access to material information of the Company.

 

 





SIGNATURE


Pursuant to 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.


 

 

 

 

FISCHER-WATT GOLD COMPANY, INC.

 

 

 

 

 

 

 

By:

/s/  Peter Bojtos

 

 

Peter Bojtos

President and Chief Executive Officer



Dated:  January 25, 2010


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