Syntec Biofuel Inc - Current report filing (8-K)
29 Septiembre 2008 - 5:01AM
Edgar (US Regulatory)
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OMB
APPROVAL
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OMB
Number:3235-0060
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3235-0060
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Expires:
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April
30, 2009
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Estimated
average burden
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hours
per response
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5.0
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): September 25,
2008
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SYNTEC
BIOFUEL INC.
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(Exact
name of registrant as specified in its charter)
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Washington
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000-51932
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91-2031335
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Suite
206, 388 Drake Street
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Vancouver,
British Columbia, Canada
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V6B
6A8
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number
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(604)
681-1064
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(including
area code)
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(Former
name or former address if changed since last report)
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(Zip
Code)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions.
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£
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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£
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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£
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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£
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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SECTION
1
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REGISTRANT’S
BUSINESS AND OPERATIONS
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Item
1.01
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Entry
into a Material Definitive
Agreement.
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No events
to report.
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Item
1.02
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Termination
of a Material Definitive Agreement.
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No events
to report.
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Item
1.03
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Bankruptcy
or Receivership.
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No events
to report.
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SECTION
2
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FINANCIAL
INFORMATION
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Item
2.01
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Completion
of Acquisition or Disposition of
Assets.
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No events
to report.
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Item
2.02
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Results
of Operations and Financial
Condition.
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No events
to report.
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Item
2.03
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
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On
September 25, 2008, the Board of Directors accepted the resolution to extend the
repayment of the loans by Montilla Capital Inc.
The loan
of CDN$54,000 from Montilla Capital Inc. was due and payable on September 21,
2008. Montilla Capital Inc. has agreed to extend the repayment date
until March 31, 2009 on the same terms and conditions as set out in the
promissory note. Syntec Biofuel agrees to make payments of all
outstanding and accrued interest, penalty and capital on March 31, 2009 to
Montilla Capital Inc. In the event that Syntec fails to pay on the
new due date, Montilla will receive, as a penalty, one fully paid, worldwide,
single use, non exclusive license for use of Syntec’s patented technology, which
includes a full copy of the Intellectual Property and the supporting research
materials. Montilla shall pay Syntec a royalty fee of 1.5% of
sales.
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Item
2.04
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Triggering
Events That Accelerate or Increase a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet
Arrangement.
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No events
to report.
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Item
2.05
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Costs
Associated with Exit or Disposal
Activities.
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No events
to report.
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Item
2.06
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Material
Impairments.
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No events
to report.
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SECTION
3
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SECURITIES
AND TRADING MARKETS
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Item
3.01
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Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
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No events
to report.
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Item
3.02
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Unregistered
Sales of Equity Securities.
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No events
to report.
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Item
3.03
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Material
Modification to Rights of Security
Holders.
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No events
to report.
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SECTION
4
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MATTERS
RELATED TO ACCOUNTANTS AND FINANCIAL
STATEMENTS
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Item
4.01
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Changes
in Registrant’s Certifying
Accountant.
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No events
to report.
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Item
4.02
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Non-Reliance
on Previously Issued Financial Statements or a Related Audit Report or
Completed Interim Review.
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No events
to report.
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SECTION
5
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CORPORATE
GOVERNANCE AND MANAGEMENT
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Item
5.01
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Changes
in Control of Registrant.
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No events
to report.
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Item
5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
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No events
to report.
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Item
5.03
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Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
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No events
to report.
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Item
5.04
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Temporary
Suspension of Trading Under Registrant’s Employee Benefit
Plans.
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No events
to report.
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Item
5.05
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Amendments
to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code
of Ethics.
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No events
to report.
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Item
5.06
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Change
in Shell Company Status.
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No events
to report.
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SECTION
6
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ASSET-BACKED
SECURITIES
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Item
6.01
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ABS
Informational and Computational
Material.
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No events
to report.
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Item
6.02
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Change
of Servicer or Trustee.
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No events
to report.
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Item
6.03
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Change
in Credit Enhancement or Other External
Support.
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No events
to report.
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Item
6.04
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Failure
to Make a Required Distribution.
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No events
to report.
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Item
6.05
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Securities
Act Updating Disclosure.
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No events
to report.
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Item
7.01
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Regulation
FD Disclosure.
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No events
to report.
No events
to report.
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SECTION
9
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FINANCIAL
STATEMENTS AND EXHIBITS
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Item
9.01
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Financial
Statements and Exhibits.
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No events
or exhibits to report.
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.
SYNTEC
BIOFUEL INC.
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/s/
Michael Jackson
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Michael
Jackson, President
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September
25, 2008
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Date
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