Flexible Solutions International, Inc.
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): January 3, 2007
FLEXIBLE
SOLUTIONS INTERNATIONAL INC.
(Exact
name of Registrant as specified in its charter)
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Nevada
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000-29649
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91-122863
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(State
or other jurisdiction
of
incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification
No.)
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615
Discovery Street
Victoria,
British Columbia V8T 5G4
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code:
(250)
477-9969
N/A
(Former
name or former address if changed since last report)
Check
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 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-14(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Flexible
Solutions International Inc reports that as of January 3rd
2007 all
litigation between FSI and Patrick Grant has been settled. As part of the
settlement FSI will permit Mr. Grant to exercise an option to purchase 100,000
shares of FSI’s common stock at a price of $1.50 per share and to exercise a
second option to purchase 50,000 shares of FSI’s common stock at a price of
$2.00per shares. Both options expire on April 15, 2007. FSI also forgave a
loan
to Mr. Grant in the amount of approximately $37,000. FSI, its subsidiaries
and
officers face no further liability in regard to the Grant lawsuit.
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:
January 4, 2007.
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FLEXIBLE
SOLUTIONS INTERNATIONAL INC.
By:
/s/ DANIEL B.
O'BRIEN
Daniel
B. O’Brien,
President
and
Chief Executive Officer
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