UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) July 5, 2013
SKY HARVEST WINDPOWER CORP.
(Exact name of registrant as specified in its charter)
Nevada 000-52410 N/A
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1200 West 73rd Avenue, 11th Floor, Vancouver, BC, Canada V6P 6G5
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (604) 267-3041
N/A
(Former name or former address, if changed since last report)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e -4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On July 5, 2013, we entered into an asset purchase agreement with Kelso Energy
Ltd. and Barry Ireland (the "Vendors") whereby we acquired all the property,
assets and undertaking of their vertical axis wind turbine manufacturing and
sales business as a going concern, including all intellectual property rights,
leasehold interests in two manufacturing facilities and related equipment,
client and contact lists, and unfulfilled purchase orders. In consideration of
the transfer of these assets, we have agreed pay a total of $65,000, issue
650,000 shares of our common stock, and grant incentive stock options to the
vendor to acquire up to 550,000 shares of our common stock at a price of $0.10
for a period of five years to the Vendors, or their assigns. In addition, the
Vendors will receive 500,000 voting shares of the subsidiary company that holds
the turbine assets if that company's shares trade publicly on a recognized stock
exchange or quotation system. As well, the Vendors are entitled to a royalty
from us of $200 for every vertical axis wind turbine that we sell for a period
of ten years.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 Press Release dated July 9, 2013
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.
SKY HARVEST WINDPOWER CORP.
/s/ William Iny
----------------------------
William Iny
President
Date: July 9, 2013
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