Thursday, December 23, 2004 10:20:13 AM
Nice board idea folks! Here's one for you...
LEXO .22 x .28
O/S 31,813,778
Float Approx. 8M
Techone Company, Ltd.
Website:
http://www.techfirst.co.kr/
To translate website, 'click on translate this page' here:
http://www.google.com/search?hl=en&lr=&q=techfirst+korea
From 8K issued on 12-9: (Stock was purchased at .17)
Item 2.01 Completion of Acquisition or Disposition of Assets
Lexon Technologies, Inc. (the "Company") has acquired majority control (87.45%) of Techone Company, Ltd., a Republic of South Korea corporation ("Techone"), through the investment of $1,585,000. Techone is a corporation that manufactures and sells Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries. The manufacturing process is a patented method for producing low temperature cofired ceramic electronic components. The Company will operate Techone as a majority-owned subsidiary and the business of Techone will be the operating business of the Company going forward.
Financial statements on the Techone and pro formas reflecting the acquisition will be filed as an amendment to this Form 8-K within 60 days of the original filing date.
Item 3.02 Unregistered Sales of Equity Securities
Funding for the acquisition detailed in Item 2.01 above was accomplished through a private placement that resulted in the sale of an aggregate of 10,125,000 shares of the Company's common stock for aggregate proceeds of $1,700,000. Kyoung Ho Lim acquired 4,000,000 shares, Young Hee Lee acquired 6,125,000 shares. In addition, the Company issued 1,000,000 shares to Joon Ho Chang, a consultant who assisted the Company with the transaction, for his consulting services.
Prior to the shares issuance, the Company had 20,688,778 shares issued and outstanding. Following the shares issuance, the Company will have 31,813,778 shares issued and outstanding.
The securities issued in the foregoing transaction were issued in reliance on the exemption from registration and prospectus delivery requirements set forth in Section 3(b) and/or Section 4(2) of the Securities Act and the regulations promulgated thereunder.
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.
DATED: December 8, 2004
Lexon Technologies, Inc.
By: /S/ Kenneth J. Eaken
Kenneth J. Eaken, President
LEXO .22 x .28
O/S 31,813,778
Float Approx. 8M
Techone Company, Ltd.
Website:
http://www.techfirst.co.kr/
To translate website, 'click on translate this page' here:
http://www.google.com/search?hl=en&lr=&q=techfirst+korea
From 8K issued on 12-9: (Stock was purchased at .17)
Item 2.01 Completion of Acquisition or Disposition of Assets
Lexon Technologies, Inc. (the "Company") has acquired majority control (87.45%) of Techone Company, Ltd., a Republic of South Korea corporation ("Techone"), through the investment of $1,585,000. Techone is a corporation that manufactures and sells Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries. The manufacturing process is a patented method for producing low temperature cofired ceramic electronic components. The Company will operate Techone as a majority-owned subsidiary and the business of Techone will be the operating business of the Company going forward.
Financial statements on the Techone and pro formas reflecting the acquisition will be filed as an amendment to this Form 8-K within 60 days of the original filing date.
Item 3.02 Unregistered Sales of Equity Securities
Funding for the acquisition detailed in Item 2.01 above was accomplished through a private placement that resulted in the sale of an aggregate of 10,125,000 shares of the Company's common stock for aggregate proceeds of $1,700,000. Kyoung Ho Lim acquired 4,000,000 shares, Young Hee Lee acquired 6,125,000 shares. In addition, the Company issued 1,000,000 shares to Joon Ho Chang, a consultant who assisted the Company with the transaction, for his consulting services.
Prior to the shares issuance, the Company had 20,688,778 shares issued and outstanding. Following the shares issuance, the Company will have 31,813,778 shares issued and outstanding.
The securities issued in the foregoing transaction were issued in reliance on the exemption from registration and prospectus delivery requirements set forth in Section 3(b) and/or Section 4(2) of the Securities Act and the regulations promulgated thereunder.
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.
DATED: December 8, 2004
Lexon Technologies, Inc.
By: /S/ Kenneth J. Eaken
Kenneth J. Eaken, President
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