6-K: Report of foreign issuer [Rules 13a-16 and 15d-16]
Published on
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a – 16 OR 15d – 16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of June 2010
Commission
File No. 0-53646
Eagleford
Energy Inc.
|
(Registrant’s
name)
1
King Street West, Suite 1505
Toronto,
Ontario, Canada M5H 1A1
|
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40F
Form
20-F x Form
40-F o
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No
x
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
TABLE
OF CONTENTS
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1.
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Material
Change Report of Registrant as filed on SEDAR on June 25,
2010.
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2.
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Press
Release of Registrant dated June 24, 2010 as filed on SEDAR on June 25,
2010.
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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 thereunto
duly authorized.
| Dated: July 6, 2010 | EAGLEFORD ENERGY INC. | ||
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By:
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/s/ James Cassina | ||
| Name: | James Cassina | ||
| Title: | President | ||
2
ITEM 1
FORM
51-102F3
MATERIAL
CHANGE REPORT
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Item
1.
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Name
and Address of Company
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Eagleford
Energy Inc. (Formerly: Eugenic Corp.) (“Eagleford” or the "Company")
Suite
1505, 1 King Street West,
Toronto,
Ontario, M5H 1A1
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Item
2.
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Date
of Material Change
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June 16,
2010
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Item
3.
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Press
Release
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Press
release issued by the Company on June 24, 2010 and disseminated in North America
using a Canadian news wire service.
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Item
4.
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Summary
of Material Change
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Effective
June 10, 2010 the Company retained Gar Wood Securities, LLC (“Gar Wood”) to act
as Investment Banker/Financial advisor to the Company for a period of two years.
In connection with the engagement, the Company has agreed to indemnify Gar Wood
(the “Gar Wood Engagement”).
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Item
5.
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Full
Description of Material Change
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Effective
June 10, 2010, the Company retained Gar Wood to act as Investment
Banker/Financial Advisor to the Company for a period of two years. Under the
terms of the Gar Wood Engagement, the Company will pay a fee consisting of an
aggregate of one million five hundred thousand (1,500,000) common share purchase
warrants (the “Warrants”) as follows:
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1.
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One
million (1,000,000) common share purchase Warrants exercisable at US$1.00
per common share expiring on December 10, 2011. The one million
Warrants (1,000,000) shall be issued by the Company in three equal
tranches on each of June 10, 2010, December 10, 2010 and June 10, 2011;
and
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2.
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Five
hundred thousand (500,000) common share purchase Warrants exercisable at
US$1.50 per common share expiring on June 10, 2012. The five hundred
thousand Warrants (500,000) shall be issued by the Company in three equal
tranches on each of June 10, 2010, December 10, 2010 and June 10,
2011. The common shares represented by the Warrants have
piggyback registration rights as will be issued as
follows:
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Gar
Wood Securities, LLC:
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100,000
Warrants with a strike price of $1.00 and 50,000 Warrants with a strike
price of $1.50 (shall be assignable in part or in whole to officers or
employees of Gar Wood Securities, LLC.) (1)
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Jackson
E. Spears:
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300,000
Warrants with a strike price of $1.00 and 150,000 Warrants with a strike
price of $1.50 (1)
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Constance
A. Schadewitz:
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300,000
Warrants with a strike price of $1.00 and 150,000 Warrants with a strike
price of $1.50 (1)
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William
R. Gregozeski:
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300,000
Warrants with a strike price of $1.00 and 150,000 Warrants with a strike
price of $1.50 (1)
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(1) 1/3
of these Warrants shall be issued on each of June 10, 2010, December 10, 2010
and June 10, 2011.
In
addition, the Company will pay to Gar Wood a cash success fee of 6% of the gross
proceeds from private placements of the Company’s securities should they result
through direct Gar Wood introductions.
Should
Gar Wood be successful in raising Eagleford over US$5.0 million by way of
private placements of the Company’s securities on or before September 30, 2010,
the Company will grant for a period of one year, a right of first refusal to Gar
Wood, on a non-exclusive basis, to act as the Company’s Investment
Banker/Financial Advisor.
Effective
June 11, 2010 in connection with the Gar Wood Engagement the Company has agreed
to indemnify and hold harmless Gar Wood, its affiliates directors, officers and
agent from or against any losses, claims, damages or liabilities (or actions,
including shareholder actions in respect thereof) related to or arising out of
such engagement.
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(
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Item
6.
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Reliance
on sub-section 7.1(2) of National Instrument
51-102
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Not
Applicable.
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Item
7.
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Omitted
Information
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No
information has been omitted from this material change report.
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Item
8.
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Senior
Officer
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The
following senior officer of the Company is knowledgeable about the material
change and the Report and may be contacted by the Commission as
follows:
James
Cassina, President
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Telephone:
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416
364-4039
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Facsimile:
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416
364-8244
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Item
9.
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Date
of Report
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June 24,
2010
2
ITEM 2
EAGLEFORD
ENERGY INC.
FOR
IMMEDIATE RELEASE
Eagleford Energy retains Gar
Wood Securities, LLC
to act as Investment
Banker/Financial Advisor
Toronto – June 24, 2010 –
Eagleford Energy Inc. (OTCBB: EFRDF) (“Eagleford Energy” or the
"Company”), an oil and gas development company focused on Eagle Ford
Shale properties, today announced that it has retained Gar Wood Securities, LLC
(“Gar Wood”) to act as its exclusive Investment Banker/Financial Advisor to
the Company for a period of two years, for the purpose of raising capital to
fund growth and expansion.
As
consideration, Eagleford Energy has agreed to issue 1,000,000 warrants with a
strike price of US$1.00 per common share and 500,000 warrants with a strike
price of US$1.50 per common share. The warrants are issuable in three
tranches.
“We are
pleased to be working with such a reputable firm as Gar Wood and their
investment banking team. Our needs dovetail nicely with the expertise
they exhibit in the small and micro-cap markets. Jack Spears and his
team have a long history of working with companies just like ours; sound
management teams with executable strategies and catalysts for growth, yet little
or no Wall Street coverage,” stated James Cassina, President of Eagleford
Energy.
“Eagleford
Energy represents an exciting opportunity in the Eagle Ford Shale play, and we
are pleased to be assisting them with their financing and growth objectives,”
stated Jack Spears of Gar Wood Securities.
About Eagleford Energy
Inc.
Eagleford
Energy Inc. is a growth orientated oil and gas company with a focus on growing
hydrocarbon reserves, cash flow, and net asset value per share through
exploration and production of mineral properties in South Texas. The Company is
actively pursuing leases and drilling opportunities in Zavalla County, Texas and
throughout the region with a primary objective of obtaining high-demand Eagle
Ford Shale acreage for follow up exploration and production.
There are
approximately 25.3 million shares issued and outstanding in the capital of the
Company.
About Gar Wood Securities,
LLC.
Gar Wood Securities, LLC,
(“Gar Wood”) is an institutional broker-dealer providing a comprehensive suite
of financial services. Gar Wood was founded in 2004 by Bob Jersey and Dennis
Gerecke, both with extensive operational and prime brokerage experience. Since
inception, the firm has quickly grown to over 40 professionals located in
Chicago, New York, Dallas, Milwaukee, Mobile, and Vancouver, WA. Gar Wood has
rapidly earned a reputation for exceptional client service and effective
management of prime brokerage, trade execution, third party marketing and
structured products. They are members of FINRA, SIPC, and NFA.
For
further information, please contact:
Investor
Relations
Eagleford
Energy Inc.
Telephone:
877-723-5542
Facsimile:
416 364-8244
Jackson
Spears
Gar Wood
Securities, LLC
(414)
289-7176
jspears@garwoodsecurities.net
Certain information regarding the
Company in this news release may constitute forward-looking statements under
applicable securities laws. The forward-looking information includes, without
limitation, statements regarding impact from the shut-in of facilities, the
applicability of royalty reductions, and impact on future funds
flow. Various assumptions were used in drawing the conclusions or making
the forecasts and projections contained in the forward-looking information
contained in this press release, which assumptions are based on management
analysis of historical trends, experience, current conditions and expected
future developments pertaining to the Company and the industry in which it
operates as well as certain assumptions as specifically outlined in the release
above. Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which could cause
actual results to vary and in some instances to differ materially from those
anticipated by the Company and described in the forward-looking information
contained in this press release. Undue reliance should not be placed on
forward-looking information, which is not a guarantee of performance and is
subject to a number of risks or uncertainties. Readers are cautioned that
the foregoing list of risk factors is not exhaustive. Forward-looking
information is based on the estimates and opinions of the Company’s management
at the time the information is released and the Company disclaims any intent or
obligation to update publicly any such forward-looking information, whether as a
result of new information, future events events or otherwise, other than as
expressly required by applicable securities laws.
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