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 reported): April 2, 2007
AMERICANA
DISTRIBUTION, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Colorado
(State
or
Other Jurisdiction of Incorporation)
|
000-25783
|
84-1453702
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
18851
Northeast 29th
Avenue,
Suite 306
Aventura,
Florida 33180
(Address
of Principal Executive Offices)(Zip Code)
(973)
526-8240
(Registrant's
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
FORWARD
LOOKING STATEMENTS
This
Form
8-K and other reports filed by Registrant from time to time with the Securities
and Exchange Commission (collectively the "Filings") contain or may contain
forward looking statements and information that are based upon beliefs of,
and
information currently available to, Registrant's management as well as estimates
and assumptions made by Registrant's management. When used in the filings the
words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan"
or the negative of these terms and similar expressions as they relate to
Registrant or Registrant's management identify forward looking statements.
Such
statements reflect the current view of Registrant with respect to future events
and are subject to risks, uncertainties, assumptions and other factors relating
to Registrant's industry, Registrant's operations and results of operations
and
any businesses that may be acquired by Registrant. Should one or more of these
risks or uncertainties materialize, or should the underlying assumptions prove
incorrect, actual results may differ significantly from those anticipated,
believed, estimated, expected, intended or planned.
Although
Registrant believes that the expectations reflected in the forward looking
statements are reasonable, Registrant cannot guarantee future results, levels
of
activity, performance or achievements. Except as required by applicable law,
including the securities laws of the United States, Registrant does not intend
to update any of the forward-looking statements to conform these statements
to
actual results.
Item
1.01 Entry
into a Material Definitive Agreement
On
April
2, 2007, the Company entered into a Securities Purchase Agreement with Cornell
Capital Partners, LP (the “Investor”). Pursuant to the Agreement, the Company
issued to the Investor a total of Sixty
Five Thousand Seven Hundred Dollars ($65,700) of secured convertible debentures
which shall be convertible into shares of the Company’s common stock, par value
$0.001 which was funded on the Closing Date for a total purchase price of up
to
Sixty Five Thousand Seven Hundred Dollars ($65,700). The conversion price of
the
convertible debentures is the lesser of (a) $0.0002 or (b) seventy five
percent (75%) of the lowest Closing Bid Price during the ten (10) Trading
Days immediately preceding the Conversion Date. In addition, Company issued
a
warrant to the Investor to purchase up to 328,500,000 shares of the Company’s
common stock at $0.0002 per share. The warrant is exercisable for five years
from the date of issuance.
We
are
obligated to file a registration statement with the Securities and Exchange
Commission (“SEC”) covering the shares of common stock underlying the
Convertible Note and Warrant within 30 days after the closing date. In addition,
we are obligated to use all commercially reasonable efforts to have the
registration statement declared effective by the SEC within 120 days after
the
closing date. We shall have an ongoing obligation to register additional shares
of our common stock as necessary.
Item
3.02 Unregistered
Sales of Equity Securities
See
Item
1.01 above.
We
claim
an exemption from the registration requirements of the Securities Act of 1933,
as amended (the “Act”) for the private placement of these securities pursuant to
Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder
since, among other things, the transaction does not involve a public offering,
the Investor is an “accredited investor” and/or qualified institutional buyer,
the Investor has access to information about the Company and its investment,
the
Investor will take the securities for investment and not resale, and the Company
is taking appropriate measures to restrict the transfer of the
securities.
ITEM
9.01
FINANCIAL STATEMENT AND EXHIBITS.
(a)
Financial Statements of Business Acquired.
NA
(b)
Pro
Forma Financial Information.
NA
(c)
Exhibits.
| 10.1 |
Securities
Purchase Agreement
|
| 10.2 |
Secured
Convertible Debenture
|
| 10.3 |
Warrant
to Purchase Common Stock
|
| 10.4 |
Registration
Rights Agreement
|
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.
| |
|
|
| |
AMERICANA
DISTRIBUTION, INC. |
|
|
|
| Date: April
9, 2007 |
By: |
/s/ Donna
Silverman |
| |
Donna
Silverman |
| |
President,
Chief
Executive Officer,
Chairman
of the
Board of Directors,
Chief
Financial Officer
|
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