Form 8-K for RED ROCK PICTURES HOLDINGS, INC
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15-Sep-2011
Other Events, Financial Statements and Exhibits
Item 8.01 Other Events.
On September 14, 2011, Red Rock Picture Holdings, Inc. (the "Company") issued a press release (the "Press Release") announcing that on August 5, 2011 the Company entered into a non-binding letter of intent with Office Supply Line, Inc. ("OSL") for a share exchange by the Company of all of the outstanding capital stock of the OSL for newly issued shares of the Company. The letter of intent also provides for the Company to spin-off a private company to certain of its shareholders in consideration of the cancellation of its shares and the assumption of certain indebtedness of the Company.
The completion of the share exchange will be dependent upon the satisfactory completion of due diligence, the execution of definitive transaction agreements and material third-party consents and other conditions. A share exchange agreement is anticipated to be completed on or before October 1, 2011. However, to date no definitive agreement has been entered into by the parties and it is possible that the parties will not finalize such an agreement by such date, if at all.
