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

 

February 23, 2015

Date of Report

(Date of earliest event reported)

  

LABOR SMART INC.

(Exact name of Registrant as specified in its Charter)

 

Nevada		000-54654		45-2433287
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

   

3270 Florence Road, Suite 200, Powder Springs, GA 30127

(Address of Principal Executive Offices)

 

(770) 222-5888

(Registrant’s Telephone Number, including area code)

 

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 14-a-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.

During the period commencing February 23, 2015 through March 2, 2015, the Company issued an aggregate of 983,532,839 shares of its common stock as follows: on February 23, 2015, the Company issued 66,286,500 shares of its common stock to reduce an outstanding convertible note payable by $3,977.19. On February 24, 2015, the Company issued 80,255,194 shares of its common stock to reduce an outstanding convertible note payable by $4,654.80. On February 24, 2015, the Company issued 69,759,200 shares of its common stock to reduce an outstanding convertible note payable by $4,185.55. On February 24, 2015, the Company issued 84,830,000 shares of its common stock to reduce an outstanding convertible note payable by $4,665.65. On February 24, 2015, the Company issued 82,758,621 shares of its common stock to reduce an outstanding convertible note payable by $4,800. On February 24, 2015, the Company issued 86,021,000 shares of its common stock to reduce an outstanding convertible note payable by $4,989.22. On February 26, 2015, the Company issued 85,000,000 shares of its common stock to reduce an outstanding convertible note payable by $5,000. On February 27, 2015, the Company issued 160,000,000 shares of its common stock to reduce an outstanding convertible note payable by $8,800. On March 2, 2015, the Company issued 163,622,324 shares of its common stock to reduce an outstanding convertible note payable by $9,490.09. On March 2, 2015, the Company issued 105,000,000 shares of its common stock to reduce an outstanding convertible note payable by $5,775. These shares were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions did not involve a public offering.

 

As of March 2, 2015, the total number of shares outstanding of the Company’s common stock was 2,621,393,942 shares

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				LABOR SMART, INC.
Date:	March 3, 2015		By:	/s/ Ryan Schadel
			Name:	Ryan Schadel
			Title:	Chief Executive Officer