Sunvault Energy Inc (SVLT)

[Schris]

Form 8-K for SUNVAULT ENERGY, INC.

20-Mar-2014

Completion of Acquisition or Disposition of Assets


Item 2.01 Completion of Acquisition or Disposition of Assets.

Effective March 14, 2014, Sunvault and CleanGen through its 100% owned 1098541 Alberta Ltd. purchased the land package located at Ponoka, Alberta where Cutting Edge, a CleanGen subsidiary resides. Sunvault recently announced on March 3rd, 2014 that it had acquired 50% of CleanGen Inc. CleanGen Inc. has various operating entities within the corporation including CuttingEdge Tire Recycling LP, CleanGen Power Corp., CleanGen Aboriginal HR Services, and Coole Immersive. The purchase increases the site from 12 acres to 30 acres and allows the next stages of the new plant and future developments that were restricted by a lease agreement.

http://www.sec.gov/Archives/edgar/data/1547716/000147793214001151/svlt_8k.htm