Form 8-K for STAR ENERGY CORP
13-Nov-2006
Entry into a Material Definitive Agreement, Other Events, Financial Statements a
Item 1.01 Entry into a Material Definitive Agreement.
Letter of Intent
On November 6, 2006, Star Energy Corporation, a Nevada corporation (the "Registrant") entered into a Letter of Intent to acquire 100% of the common stock of Samaratransoil Ltd., a company organized under the law of Russia (the "Company"), from Markin Vladimir Mikhajlovich. The consideration to be paid for the stock of the Company is 1,000,000 shares of common stock of the Registrant. The consummation of the transaction will be subject to the execution of definitive agreements. The closing will be conditional upon the approval of the transaction and the definitive agreements by the board of directors of the Registrant, completion of the due diligence to the satisfaction of the Registrant, the Registrant's receipt of financial statements of the Company, receipt of any required approvals of governmental authorities, receipt of necessary consents and approvals of third parties, and other customary conditions.
Section 8 - Other Events
Item 8.01. Other Events.
On November 8, 2006, the Registrant issued an aggregate of 125,000 shares of common stock as follows:
(a) 100,000 shares of common stock to Marcus Segal, an officer and director of the Registrant, in consideration for services previously rendered; and
(b) 25,000 shares of common stock to F. Byson Farrill, a director of the Registrant, in consideration for services previously rendered.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit No. Description
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