Item 3.02. Unregistered Sales of Equity Securities.
On February 04, 2008, the Corporation sold in exchange for aggregate gross proceeds of US$100,000,
a total of 1,250,000 shares of the Corporations common stock and 1,250,000 common stock purchase
warrants, each such warrant to purchase one share of common stock at any time prior to February 04,
2013, at an initial exercise price of US$0.12 per share, to Clifford W. Perry III, an accredited
investor.
On February 04, 2008, the Corporation sold in exchange for aggregate gross proceeds of US$20,000, a
total of 250,000 shares of the Corporations common stock and 250,000 common stock purchase
warrants, each such warrant to purchase one share of common stock at any time prior to February 04,
2013, at an initial exercise price of US$0.12 per share, to John Williamson, trustee for Portfolio
Strategies Inc. 401(k) Plan, an accredited investor.
On February 04, 2008, the Corporation sold in exchange for aggregate gross proceeds of US$10,000, a
total of 125,000 shares of the Corporations common stock and 125,000 common stock purchase
warrants, each such warrant to purchase one share of common stock at any time prior to February 04,
2013, at an initial exercise price of US$0.12 per share, to Anne M. Russell, an accredited
investor.
On February 04, 2008, the Corporation sold in exchange for aggregate gross proceeds of US$50,000, a
total of 625,000 shares of the Corporations common stock and 625,000 common stock purchase
warrants, each such warrant to purchase one share of common stock at any time prior to February 04,
2013, at an initial exercise price of US$0.12 per share, to Richard Nanna, an accredited investor.
On February 04, 2008, in consideration of an agreement to negotiate further investment in the
Corporation, the Corporation agreed to extend from February 06, 2008 until February 06, 2010 the
exercise period provided on a total of 1,500,000 warrants issued on or about February 06, 2006 to
Freddie and Sharon Schinz entitling the holder thereof to purchase one share of the Corporations
restricted common stock at an exercise price of US$0.25 per share.
On February 04, 2008, in consideration of an agreement to negotiate further investment in the
Corporation, the Corporation agreed to extend from February 05, 2008 until February 05, 2010 the
exercise period provided on a total of 100,000 warrants issued on or about February 05, 2007 to
John Jonen entitling the holder thereof to purchase one share of the Corporations restricted
common stock at an exercise price of US$0.40 per share. The Corporation also agreed to the new
exercise price of US$0.25 per share.
On February 04, 2008, in consideration of an agreement to negotiate further investment in the
Corporation, the Corporation agreed to extend from June 30, 2008, until June 30, 2010 the exercise
period provided on a total of 250,000 warrants issued on or about June 30, 2006 to John Williamson
entitling the holder thereof to purchase one share of the Corporations restricted common stock at
an exercise price of US$0.30 per share. The Corporation also agreed to the new exercise price of
US$0.25 per share.
No underwriting discounts were received or commissions paid by the Corporation in connection with
the sales reported herein, and all sales resulted from private placement transactions exempt from
registration under Section 4(2) of the Securities Act of 1933, as amended. The Corporation used
the gross proceeds of US$180,000 from these sales to pay critical accounts payable, including fees
owed to legal, audit and accounting service providers, rent, permitting, technical consulting
services and other corporate expenses.
SIGNATURE
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.
| CALAIS RESOURCES, INC. (Registrant) |
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| February 07, 2008 | By: | /s/ David K. Young | ||
| David K. Young, Chief Executive Officer | ||||