$LXRP Form 8-K

Item 3.02 Unregistered Sales of Equity SecuritiesOn August 17, 2015, the Company cancelled and returned to treasury, the 500,000 common shares issued on July 22, 2015, at $0.17 per share to Docherty Management, wholly owned company by the President of the Company and issued 420,000 common shares of the Company at $0.20 per share to Docherty Management and cash compensation for taxes of $16,000 pursuant to the terms of the consulting agreement signed on March 26, 2015.The Company issued the units to one (1) non-US persons in an off-shore transaction pursuant to the exemption from registration provided for under Regulation S, promulgated under the United States Securities Act of 1933, as amended. Each of the subscribers represented that they were not a “US person” as such term is defined in Regulation S.

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 share issuance 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
99.1 Press Release dated August 17, 2015