- Current report filing (8-K)
May 17 2012 - 11:24AM
Edgar (US Regulatory)
_________________________________________
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 (Date of earliest event
reported): May 16, 2012
START SCIENTIFIC, INC.
(Exact Name of Registrant as Specified
in Charter)
Delaware
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000-52227
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20-4910418
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(State of Other Jurisdiction
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(Commission File
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(IRS Employer
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Of Incorporation)
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Number)
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Identification No.)
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6 Champion Trail
San Antonio, Texas
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78258
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number,
including area code: (801) 816-2570
___________
_ ___
_______
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-k filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act
Item 1.01 Entry into a Material Definitive Agreement
On May 16, 2012, Start Scientific, Inc.
(hereafter, “Company”) entered into an agreement to acquire all of the outstanding shares of Carpathian Energy SRL
(hereafter, “Carpathian”), in exchange for 90,000,000 shares of restricted common stock of the Company (such transaction
is hereafter referred to as the “Acquisition”). Carpathian is a Romanian limited liability company engaged in oil &
gas exploration and development. Pursuant to the terms of agreement entered into in connection with the Acquisition, the former
owners of Carpathian may rescind the Acquisition and reclaim the shares of Carpathian in the event that the Company does not invest
at least $5 million toward development of Carpathian’s oil and gas assets.
Item 2.01 Completion of Acquisition or Disposition
of Assets
On May 16, 2012, the Company completed
the Acquisition described in Item 1.01 above.
Item 3.02 Unregistered Sales of Equity Securities
On May 16, 2012, the Company issued 90,000,000
shares of restricted common stock in connection with the Acquisition described in Item 1.01 above. No solicitation was made and
no underwriting discounts were given or paid in connection with any of these transactions. The Company believes that the issuance
of the common stock in connection with the Acquisition was exempt from registration with the Securities and Exchange Commission
pursuant to Section 4(2) of the Securities Act of 1933.
SIGNATURES
Pursuant to the 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.
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Start Scientific, Inc.
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Date: May 16, 2012
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By:
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/s/ George J. Edwards
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George J. Edwards
Chief Financial Officer
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