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Form 8-K for LEXARIA CORP.


5-Feb-2015

Unregistered Sale of Equity Securities, Regulation FD Disclosure, Financial Stateme

Item 3.02 Unregistered Sales of Equity SecuritiesOn February 1, 2015 the Company signed a consulting agreement for up to five years with confirmed 6 months with Sequoia Partners Inc. to provide strategic and development of project objectives. The Company will pay monthly compensation of CAD$5,000.

The Company on June 11, 2014 had adopted the 2014 Stock Option Plan. Based on this original Stock Option Plan, on February 4, 2015, the Company has granted 250,000 stock options to Sequoia Partners Inc. The exercise price of the stock options is $0.10, vesting immediately expiring on February 3, 2020.

The securities referred to herein will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Item 7.01 Regulation FD Disclosure.A copy of the news release announcing the stock options and 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       Form of Stock Option Agreement dated February 3, 2015
   10.2       Consulting Agreement with Sequoia Partners Inc. February 1, 2015
   99.1       Press Release dated February 4, 2015

 


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