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) April 1, 2008
Global Resource Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-50944 84-1565820
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(State or other jurisdiction (Commission File Number) IRS Employer
of incorporation) Identification No.)
408 Bloomfield Drive, Unit #3, West Berlin, New Jersey 08091
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 767-5661
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(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 (see General Instruction A.2. below):
[ ] 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 3.02 Unregistered Sales of Equity Securities.
On April 1, 2008 the Company issued a sufficient number of additional
unregistered shares of its Common Stock such that the total issued since March
25, 2008 exceeded 5% of the number of shares issued and outstanding on March 25.
The total number of shares of Common Stock issued and outstanding as of the
close of business on April 1, 2008 was 40,315,663 including 2,665,666 shares
which were in the process of return from escrow and which upon return will be
cancelled but not including 17,618,094 shares issuable upon conversion of the
2006 Series of Convertible Preferred Stock.
Common Stock
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On March 31, 2008 the Company issued 350,000 shares to a consultant in payment
of consulting fees valued at $350,000. The issuance of the shares was considered
exempt pursuant to Section 4(2) of the Securities Act of 1933 as amended.
On April 1, 2008 the Company issued a total of 3,387,980 shares (as a part of
3,387,980 Units) to a group of non-U.S. citizens for a total investment of
$3,387,980. The issuance of the shares was considered exempt pursuant to Section
4(2) of the Securities Act of 1933 as amended.
Warrants
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On April 1, 2008, as a part of the 3,387,980 Units sold to the group of non-U.S.
citizens, the Company issued a total of 3,387,980 Common Stock Purchase
Warrants, exercisable at $2.00 per share. The issuance of the Warrants was
considered exempt pursuant to Section 4(2) of the Securities Act of 1933 as
amended.
SIGNATURE
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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.
GLOBAL RESOURCE CORPORATION
By: /s/ Frank G. Pringle, President
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April 2, 2008