Mondial Ventures Inc (MNVN)

[DrewStegman]

Here's the full 8k for everyone...


Form 8-K for MONDIAL VENTURES, INC.

30-Oct-2014

Unregistered Sale of Equity Securities


Item 3.02. Unregistered Sales of Equity Securities

During the period commencing September 23, 2014 through October 29, 2014, the Company issued 226,497,142 common shares to reduce debt on convertible promissory notes by the amount of $10,187 and 155,000,000 common shares to reduce debt on accounts payable balances by the amount of $9,300. The issued and outstanding common shares of the Company at the beginning of the period commencing September 23, 2014, as adjusted, was approximately 1,594,428,611, and for the period ending October 29, 2014 the issued and outstanding common shares of the Company was approximately 1,976,025,753.

The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act") for the private placement of these securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transaction does not involve a public offering, the Investor is an "accredited investor" and/or qualified institutional buyer, the Investor has access to information about the Company and its investment, the Investor will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer of the securities.