Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
WSCE.OB > SEC Filings for WSCE.OB > Form 8-K on 9-Oct-2009All Recent SEC Filings

Show all filings for WESCORP ENERGY INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for WESCORP ENERGY INC


9-Oct-2009

Regulation FD Disclosure, Other Events, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure.

On October 5, 2009, Wescorp Energy Inc. (the "Company") issued a press release entitled "Wescorp Energy and Ellycrack AS restructure their joint agreement for the development and commercialization of the VISCOSITOR heavy oil upgrading technology". The press release is attached as Exhibit 99.1 hereto.

In accordance with General Instruction B.2 of Form 8-K, the information disclosed in Item 7.01 of, and Exhibit 99.1 attached hereto, this Current Report on Form 8-K shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing. This Current Report on Form 8-K does not constitute a determination of whether any information included herein is material.



Item 8.01 Other Matters

Effective as of September 16, 2009, the Company and Ellycrack AS ("Ellycrack") entered into a Settlement Agreement (the "Agreement") to terminate that certain Memorandum of Understanding dated August 4, 2004 (as amended). Under the terms of Agreement, Ellycrack will have full legal ownership of the VISCOSITOR technology, including its designs, work projects and the 50 barrel-per-day VISCOSITOR test unit. Ellycrack will deliver 725,000 shares of Ellycrack to the Company for nominal consideration, and Ellycrack will credit the Company as having satisfied its obligation to Ellycrack of approximately $160,000. As a result, the Company will own 23.72% of Ellycrack on a fully-diluted basis. A copy of the Agreement is attached as Exhibit 10.1 hereto and is incorporated into this current report by reference.



Item 9.01 Financial Statements and Exhibits.

Exhibit No. Document
10.1        Agreement between Ellycrack AS and Wescorp Energy Inc. effective as
            of September 16, 2009.
99.1        Press Release dated October 5, 2009

  Add WSCE.OB to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for WSCE.OB - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2010 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.