Form 8-K for LEXARIA CORP.
26-Jun-2015
Termination of a Material Definitive Agreement, Regulation FD Disclosure, Financial
Item 1.02 Termination of a Material Definitive AgreementOn June 24, 2015, the Company entered into Share Purchase Agreement with Shaxon Enterprises Ltd. which replaces the Letter of Intent dated June 10, 2015. Lexaria sold its 49% interest with the MMPR Burlington application number 10-MM0610. The Share Purchase Agreement attached hereto as exhibit 10.1 to this current report. The Burlington project related with Joint Venture Agreement dated May 28, 2014 with Enertopia Corp. based on developing a business of legally producing, manufacturing, propagating, importing/exporting, testing, researching and developing marijuana at the Burlington Location. This Joint Venture was terminated based on the closing of this transaction.
Item 7.01 Regulation FD Disclosure.A copy of the news release announcing Letter of Intent and cancellation of Enertopia/Lexaria Joint Venture Agreement is filed as exhibit 99.1 to this current report and is hereby incorporated by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.(d) Exhibits.
Exhibit No. Description 10.1 Share Purchase Agreement dated June 24, 2015 99.1 News Release dated June 25, 2015 |
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