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): June 28, 2007 (February 27,
2007)
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CLEAR
CHOICE FINANCIAL, INC.
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(Exact
Name of Registrant as Specified in its
Charter)
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Nevada
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000-52071
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33-1080880
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(State
or Other
Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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7373
E. Doubletree Ranch Rd., Suite 200, Scottsdale, AZ 85258
(Address
of principal executive offices) (Zip Code)
Registrant’s
Telephone Number, Including Area Code: (480) 820-9766
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):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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Soliciting
material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR
240.14a-
12)
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| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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Item
3.02 Unregistered Sales of Equity Securities
On
February 27, 2007, Clear Choice Financial, Inc. (the "Registrant") issued a
Common Stock Purchase Warrant (the "Warrant") to Larry Eiteljorg, one of the
Registrant's directors, to compensate him for his service on the Board of
Directors. The Warrant gives Mr. Eiteljorg the right to purchase up to 3,000,000
shares of the Registrant's common stock at an exercise price of $0.17 per share,
with cashless exercise permitted. The Warrant has a ten year term, and contains
standard provisions to adjust the number of shares purchasable and the exercise
price of such shares upon the occurrence of certain corporate events. The
issuance of the Warrant was pursuant to the exemption from registration provided
by Section 4(2) of the Securities Act of 1933, as amended.
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.
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Date:
June 28, 2007
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CLEAR
CHOICE FINANCIAL, INC.
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By: |
/s/
Michael Schifsky |
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Michael
Schifsky
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Chief
Financial Officer
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