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):  December 30, 2016

 

PROPELL TECHNOLOGIES GROUP, INC.

(Exact name of registrant as specified in its charter)

  

Delaware 000-53488 26-1856569
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

 

10655 Bammel North Houston Houston, Texas 77086
(Address of Principal Executive Office) (Zip Code)

 

(832) 328-0169
(Registrant’s telephone number, including area code)

 

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 5.02.Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On December 30, 2016, Propell Technologies, Inc. (the “Company”) received notice dated December 16, 2016 of the resignation of Maria Damianou from the Board of Directors. In accordance with the terms of the Certificate of Designations for the Company’s Series C Preferred stock, Ivan Persiyanov was appointed to fill the vacancy created by the resignation.  Mr. Persiyanov is a current director of the Company appointed by the Series C Preferred stockholders and now holds three board votes.

 

There are no transactions involving Mr. Persiyanov that would require disclosure under Item 404(a) of Regulation S-K.

 

 

 

 

  

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.

 

Date:  January 9, 2017 PROPELL TECHNOLOGIES GROUP, INC.
     
  By: /s/ C. Brian Boutte
  Name: C. Brian Boutte
  Title: Chief Executive Officer