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Check the appropriate box below if the Form 8-K filing
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[ ] Soliciting
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Pre-commencement
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On
November 7, 2008 we completed the following private placement of
securities.
The
Company issued a Convertible Note in the aggregate amount of $100,000 due and
payable on November 7, 2010 together with interest at the rate of 6% per annum
compounded annually. At the election of the holder, any outstanding
and unpaid principal portion of the Note, and accrued interest, may be converted
into fully paid and nonassessable Units of the Borrower at the rate of one Unit
per US$0.16 of the Note or accrued interest converted, with each Unit consisting
of one restricted common share and one share purchase warrant, with each warrant
enabling the purchase of an additional restricted common share of the Borrower
at $0.25 per share for a two year term from the date of conversion (the “Warrant
Shares”).
For the
foregoing transaction, we relied on Reg. S of the Securities Act of 1933. The
purchaser was a non-U.S. person as described in Reg. S and the transaction took
place outside the United States of America.
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 this 10th day of
November, 2008.
GLOBAL
GREEN SOLUTIONS INC.
BY:
“Elden
Schorn”
Elden
Schorn
Director
Dates Referenced Herein and Documents Incorporated by Reference
