AKVA .02 8k out Item 3.02 Unregistered Sales of Equity Securities.
On December 26, 2012, we sold an aggregate of 1,000,000 shares at a price of $0.10 per shares for gross proceeds of $100,000. We issued the shares to one U.S. person (as that term is defined in Regulation S of the Securities Act of 1933, as amended ) who is a director and officer of the registrant and we relied on the exemption from the registration requirements provided for in Section 4(a)(2) of the Securities Act of 1933, as amended.
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