FORM 8K - Sunshine Biopharma

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U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 1, 2018 SUNSHINE BIOPHARMA, INC. (Exact name of small business issuer as specified in its charter) Colorado 00052898 205566275 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer ID No.) 6500 TransCanada Highway 4th Floor PointeClaire, Quebec, Canada H9R 0A5 (Address of principal executive offices) 514) 4266161 (Issuer’s Telephone Number) Check the appropriate box below if the Form 8K 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 14a12 under the Exchange Act (17 CFR 240.14a12) [ ] Precommencement communications pursuant to Rule 14d2(b) under the Exchange Act (17 CFR 240.14d2(b)) [ ] Precommencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§240.12b2 of this chapter). Emerging growth company [X] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Transcript of FORM 8K - Sunshine Biopharma

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U.S. SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

 FORM 8­K

 Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934  

Date of Report (Date of earliest event reported):January 1, 2018

 SUNSHINE BIOPHARMA, INC.

(Exact name of small business issuer as specified in its charter) 

Colorado 000­52898 20­5566275(State or other jurisdiction

of incorporation)(Commission File Number) (IRS Employer ID No.)

 6500 Trans­Canada Highway

4th FloorPointe­Claire, Quebec, Canada H9R 0A5 (Address of principal executive offices)

 514) 426­6161

(Issuer’s Telephone Number) Check the appropriate box below if the Form 8­K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of thefollowing provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)[ ] Soliciting material pursuant to Rule 14a­12 under the Exchange Act (17 CFR 240.14a­12)[ ] Pre­commencement communications pursuant to Rule 14d­2(b) under the Exchange Act (17 CFR 240.14d­2(b))[ ] Pre­commencement communications pursuant to Rule 13e­4(c) under the Exchange Act (17 CFR 240.13e­4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 ofthis chapter) or Rule 12b­2 of the Securities Exchange Act of 1934 (§240.12b­2 of this chapter).  Emerging growth company     [X] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ] 

 

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  Item 1.01 Entry into a Material Definitive Agreement On January 1, 2018, we entered into a Share Purchase Agreement with Mohamed Belhaj and Atlas Pharma Inc. (the “Atlas Agreement”), whereinwe acquired all of the issued and outstanding shares (the “Shares”) of Atlas Pharma Inc., (“Atlas”) from Mr. Belhaj. The purchase price for theShares was Eight Hundred Forty Eight Thousand Dollars  ($848,000). All  references  to dollar amounts  in  this  report  refer  to Canadian dollars,unless otherwise indicated. The purchase price included a cash payment of $100,500, plus issuance of 20,000,000 shares of our Common Stock,plus a promissory note in the principal amount of $450,000, with interest payable at the rate of 3% per annum. We are required to make paymentsof $10,000 per calendar quarter, due and payable on or before the end of each such calendar quarter through December 31, 2023. Atlas  is  a  certified  company  dedicated  to  chemical  analysis  of  pharmaceutical  and  other  industrial  samples.  Atlas  Pharma  has  9  full­timeemployees and generated revenues of approximately $500,000 in 2017. Housed in a 5,250 square foot facility, Atlas’s operations are authorizedby a Drug Establishment License (DEL) issued by Health Canada and are fully compliant with the requirements of Good Manufacturing Practices(GMP). We intend to expand Atlas’ business operations by purchasing additional equipment and hiring more technical and sales personnel. There are noassurances that this will occur. Audited financial statements of Atlas will be filed as part of an Amendment to this report within the time parameters established by the applicablerule. A copy of the Atlas Agreement is attached hereto as Exhibit 10.13, and incorporated herein by reference as if set forth. Item 7.01 Regulation FD Disclosure Our Press Release relating to the Atlas Agreement described above is attached as Exhibit 99.7 and is hereby incorporated.  

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  Item 9.01 Financial Statements and Exhibits (b) Exhibits. The following exhibits are included in this report: No.             Description 10.13 Share Purchase Agreement with Mohamed Belhaj and Atlas Pharma, Inc. 99.7 Press Release Announcing Agreement to Acquire Atlas Phrma   

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SIGNATURES 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalfby the undersigned hereunto duly authorized.   SUNSHINE BIOPHARMA, INC    (Registrant)         Dated: January 4, 2018 By:  /s/ Dr. Steve N. Slilaty      Dr. Steve N. Slilaty       Chief Executive Officer             

 

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  Exhibit 10.13

  

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 Exhibit 99.7

 

 For Immediate ReleaseJanuary 4, 2018  

SUNSHINE BIOPHARMA COMPLETES THE ACQUISITION OF ATLAS PHARMA Montreal, Quebec, Canada ­­ (ACCESSWIRE) – On January 1, 2018, Sunshine Biopharma Inc. (OTCBB: “SBFM”), a pharmaceutical companyfocused on the research, development and commercialization of drugs for the treatment of various forms of cancer, completed the acquisition ofAtlas Pharma Inc., a Montreal­based analytical chemistry company fully accredited by Health Canada and registered with the FDA. Atlas Pharmais  a  certified  company  dedicated  to  chemical  analysis  of  pharmaceutical  and  other  industrial  samples.  The  acquisition  price  of  $0.85 millionCanadian (approximately $0.68 million US) was paid in cash, long­term debt and Common Stock of the Company. Atlas  Pharma has  9  full­time  employees  and  generated  revenues  of  approximately  $500,000 Canadian  (approximately  $400,000 US)  in  2017.Housed in a 5,250 square foot facility, Atlas Pharma operations are authorized by a Drug Establishment License (DEL) issued by Health Canadaand are  fully  compliant with  the  requirements of Good Manufacturing Practices  (GMP). More  information about Atlas Pharma  is  available  atwww.atlaspharmainc.ca. Sunshine intends to expand Atlas’ business operations by purchasing additional equipment and hiring more technical and sales personnel. About Sunshine Biopharma Sunshine Biopharma is pharmaceutical company committed to becoming more fully integrated by offering pharmaceutical services and genericdrugs in addition to its original proprietary drug development program. The Company is currently undertaking a brokered private placement of upto $10 million in Canada and intends to use the net proceeds from this offering for implementation of the Company’s business plan including theclinical  development  of Adva­27a,  the Company’s  flagship  anticancer  compound. Tests  conducted on Adva­27a have demonstrated  the drug’seffectiveness  at  destroying multidrug  resistant  cancer  cells  including  Pancreatic  Cancer  cells,  Breast  Cancer  cells,  Uterine  Sarcoma  cells  andSmall­Cell Lung Cancer cells. Clinical trials for Pancreatic Cancer indication are planned to be conducted at McGill University’s Jewish GeneralHospital in Montreal, Canada.  

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  Safe Harbor Forward­Looking Statements To  the  extent  that  statements  in  this  press  release  are  not  strictly  historical,  including  statements  as  to  revenue projections,  business  strategy,outlook,  objectives,  future milestones,  plans,  intentions,  goals,  future  financial  conditions,  future  collaboration  agreements,  the  success  of  theCompany's  development,  events  conditioned  on  stockholder  or  other  approval,  or  otherwise  as  to  future  events,  such  statements  are  forward­looking,  and  are  made  pursuant  to  the  safe  harbor  provisions  of  the  Private  Securities  Litigation  Reform  Act  of  1995.  The  forward­lookingstatements  contained  in  this  release are  subject  to  certain  risks  and uncertainties  that  could  cause actual  results  to  differ materially  from  thestatements made.  For Additional Information Contact:Camille Sebaaly, CFOSunshine Biopharma Inc.Direct Line: 514­814­0464camille.sebaaly@sunshinebiopharma.comwww.sunshinebiopharma.com